Pool Corporation (POOL)
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 | 566,954 | 688,136 | 984,872 | 824,145 | 451,674 |
| Revenue | US$ in thousands | 5,310,950 | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 |
| Pretax margin | 10.68% | 12.42% | 15.94% | 15.56% | 11.47% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $566,954K ÷ $5,310,950K
= 10.68%
The pretax margin of Pool Corporation has shown a generally positive trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 11.47% in 2020, it increased to 15.56% in 2021, further rose to 15.94% in 2022, but experienced a slight decline to 12.42% in 2023. In the most recent year, as of December 31, 2024, the pretax margin decreased to 10.68%.
Overall, the company has demonstrated the ability to generate profits before taxes relative to its total revenue. The fluctuation in the pretax margin may indicate changes in the company's cost structure, pricing strategies, or efficiency in managing expenses. Further analysis would be beneficial to understand the specific factors driving these fluctuations and to assess the company's overall financial performance in more detail.