Packaging Corp of America (PKG)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,014,100 | 1,042,100 | 1,145,000 | 1,277,800 | 1,364,800 | 1,368,700 | 1,355,200 | 1,229,300 | 1,108,600 | 993,500 | 845,300 | 662,200 | 632,700 | 639,800 | 693,400 | 857,800 | 917,000 | 1,009,100 | 1,043,900 | 1,033,200 |
| Revenue (ttm) | US$ in thousands | 7,717,200 | 7,752,600 | 7,939,800 | 8,213,600 | 8,363,200 | 8,305,800 | 8,173,700 | 7,815,000 | 7,480,100 | 7,299,000 | 6,993,000 | 6,658,500 | 6,572,600 | 6,578,400 | 6,634,200 | 6,855,700 | 6,877,900 | 6,904,500 | 6,989,000 | 8,786,200 |
| Pretax margin | 13.14% | 13.44% | 14.42% | 15.56% | 16.32% | 16.48% | 16.58% | 15.73% | 14.82% | 13.61% | 12.09% | 9.95% | 9.63% | 9.73% | 10.45% | 12.51% | 13.33% | 14.62% | 14.94% | 11.76% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,014,100K ÷ $7,717,200K
= 13.14%
Packaging Corp Of America's pretax margin has exhibited a downward trend over the past four quarters. The pretax margin decreased from 16.10% in Q4 2022 to 13.00% in Q4 2023, indicating a decline in profitability before accounting for taxes. The company experienced its highest pretax margin of 16.10% in Q2 2022, followed by a gradual decline in subsequent quarters. The fluctuations in pretax margin may be influenced by various factors, such as changes in operating expenses, pricing strategies, or fluctuations in revenue. Further analysis of the company's financial performance and operational efficiency is recommended to understand the reasons behind the trend in pretax margin.
Peer comparison
Dec 31, 2023