PepsiCo Inc (PEP)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 11,336,000 | 10,637,000 | 9,760,000 | 9,014,000 | 9,273,000 |
| Revenue | US$ in thousands | 91,471,000 | 86,392,000 | 79,474,000 | 70,372,000 | 67,161,000 |
| Pretax margin | 12.39% | 12.31% | 12.28% | 12.81% | 13.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $11,336,000K ÷ $91,471,000K
= 12.39%
PepsiCo Inc's pretax margin has shown a slightly fluctuating trend over the past five years, with figures ranging from 12.28% to 13.81%. The pretax margin for the most recent year, ending on December 31, 2023, stands at 12.39%. This indicates that, for each dollar of revenue generated, the company retains approximately 12.39 cents before accounting for income taxes and other expenses. The gradual decrease in the pretax margin from 13.81% in 2019 to 12.39% in 2023 suggests a potential decrease in profitability or an increase in operating expenses relative to revenue over the years. It is important for investors and analysts to closely monitor future financial reports to understand the factors contributing to these fluctuations in PepsiCo Inc's pretax margin.
Peer comparison
Dec 31, 2023