Patrick Industries Inc (PATK)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 178,570 | 191,258 | 435,410 | 293,822 | 130,372 |
| Revenue | US$ in thousands | 3,715,680 | 3,468,040 | 4,881,870 | 4,078,090 | 2,486,600 |
| Pretax margin | 4.81% | 5.51% | 8.92% | 7.20% | 5.24% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $178,570K ÷ $3,715,680K
= 4.81%
The pretax margin of Patrick Industries Inc has shown some fluctuations over the past five years. In December 2020, the pretax margin was 5.24%, reflecting the company's profitability before accounting for taxes. Over the following years, there was a gradual improvement in the pretax margin, reaching 8.92% by December 2022, indicating stronger operational efficiency and cost management.
However, in December 2023, there was a decrease in the pretax margin to 5.51%, possibly due to changes in the company's financial performance or external factors impacting its profitability. This decline was followed by a further decrease to 4.81% by December 2024, suggesting potential challenges in maintaining profitability levels.
Overall, while the pretax margin of Patrick Industries Inc has shown a positive trend with some variability, it is essential for the company to assess the factors influencing these fluctuations and implement strategies to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024