Packaging Corp of America (PKG)
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 | 1,014,100 | 1,364,800 | 1,108,700 | 632,700 | 917,000 |
| Revenue | US$ in thousands | 7,717,400 | 8,363,100 | 7,482,900 | 6,538,200 | 6,788,300 |
| Pretax margin | 13.14% | 16.32% | 14.82% | 9.68% | 13.51% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,014,100K ÷ $7,717,400K
= 13.14%
Packaging Corp Of America's pretax margin has shown fluctuations over the past five years, ranging from a low of 9.50% in 2020 to a high of 16.10% in 2022. The company's ability to generate pre-tax profits as a percentage of total revenue seems to have improved in recent years, as evidenced by the upward trend from 2019 to 2022. However, there was a slight decline in 2023 when the pretax margin dropped to 13.00%. This could indicate potential challenges or changes in the company's operating efficiency or cost structure during that period. Overall, the pretax margin data suggests that Packaging Corp Of America has generally been successful in managing expenses and generating profits before accounting for taxes, though there are fluctuations to be mindful of.
Peer comparison
Dec 31, 2023