Pool Corporation (POOL)
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 | 688,313 | 985,225 | 824,436 | 451,969 | 317,736 |
| Revenue | US$ in thousands | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 | 3,199,520 |
| Pretax margin | 12.42% | 15.94% | 15.57% | 11.48% | 9.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $688,313K ÷ $5,541,600K
= 12.42%
The pretax margin for Pool Corporation has fluctuated over the past five years, ranging from 9.93% in 2019 to 15.94% in 2022. The trend shows an overall improvement in profitability with a notable increase from 2019 to 2022. However, there was a slight decrease in pretax margin in 2023 to 12.42%. This indicates that the company's ability to generate profits before taxes has somewhat decreased in the latest year compared to the previous year. Further analysis would be needed to understand the specific reasons behind this fluctuation and to assess the company's overall financial performance.