PepsiCo Inc (PEP)
Pretax margin
| Dec 31, 2023 | Sep 9, 2023 | Jun 17, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 3, 2022 | Jun 11, 2022 | Mar 19, 2022 | Dec 31, 2021 | Sep 4, 2021 | Jun 12, 2021 | Mar 20, 2021 | Dec 31, 2020 | Sep 5, 2020 | Jun 13, 2020 | Mar 21, 2020 | Dec 31, 2019 | Sep 7, 2019 | Mar 23, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 11,336,000 | 10,314,000 | 9,639,000 | 7,966,000 | 10,637,000 | 11,717,000 | 11,566,000 | 12,744,000 | 9,760,000 | 10,534,000 | 10,325,000 | 9,481,000 | 9,014,000 | 8,867,000 | 8,709,000 | 8,412,000 | 8,636,000 | 9,126,000 | 9,357,000 | 9,145,000 |
| Revenue (ttm) | US$ in thousands | 91,471,000 | 91,617,000 | 90,135,000 | 88,038,000 | 86,392,000 | 83,644,000 | 81,862,000 | 80,854,000 | 79,474,000 | 76,681,000 | 74,583,000 | 71,311,000 | 70,372,000 | 68,557,000 | 67,654,000 | 64,593,000 | 70,236,000 | 66,081,000 | 64,983,000 | 64,661,000 |
| Pretax margin | 12.39% | 11.26% | 10.69% | 9.05% | 12.31% | 14.01% | 14.13% | 15.76% | 12.28% | 13.74% | 13.84% | 13.30% | 12.81% | 12.93% | 12.87% | 13.02% | 12.30% | 13.81% | 14.40% | 14.14% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,336,000K ÷ $91,471,000K
= 12.39%
The pretax margin of PepsiCo Inc has shown fluctuations over the past few years. In the latest period, as of December 31, 2023, the pretax margin stands at 12.39%, indicating that for every $1 of revenue generated, the company retains approximately $0.1239 before accounting for taxes and other expenses.
Comparing the current pretax margin to historical data, we observe a decreasing trend from the previous quarter, with a decline from 11.26% in September 2023 to the current level. However, it's worth noting that the pretax margin is still higher compared to the same period last year, when it was 12.31% in December 2022.
The fluctuations in the pretax margin suggest varying levels of profitability and cost efficiency for PepsiCo Inc over time. Further analysis of the company's financial performance and underlying factors influencing the pretax margin changes would be beneficial to gain deeper insights into its operational effectiveness and financial health.
Peer comparison
Dec 31, 2023