PPG Industries Inc (PPG)
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 | 1,709,000 | 1,351,000 | 1,813,000 | 1,350,000 | 1,635,000 |
| Revenue | US$ in thousands | 18,119,000 | 17,539,000 | 16,913,000 | 13,780,000 | 15,135,000 |
| Pretax margin | 9.43% | 7.70% | 10.72% | 9.80% | 10.80% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,709,000K ÷ $18,119,000K
= 9.43%
To analyze the pretax margin trend of PPG Industries, Inc. over the past five years, we observe a fluctuating pattern. The pretax margin was at 9.58% in 2023, representing an increase from 7.82% in 2022 but a decrease from 10.80% in 2021. This indicates some volatility in the company's profitability before taxes.
Furthermore, the pretax margin of PPG Industries, Inc. in 2023 is slightly below the 5-year average pretax margin of 9.60%. This suggests that the company's recent profitability before taxes is slightly lower compared to the performance over the past five years.
Overall, a pretax margin of 9.58% in 2023 shows a moderate level of profitability before accounting for taxes, indicating that PPG Industries, Inc. is generating a decent level of earnings in relation to its revenue but may face challenges in maintaining consistent profitability levels.
Peer comparison
Dec 31, 2023