PPG Industries Inc (PPG)
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 | 1,709,000 | 1,841,000 | 1,702,000 | 1,622,000 | 1,351,000 | 1,330,000 | 1,362,000 | 1,394,000 | 1,813,000 | 1,862,000 | 1,988,000 | 1,528,000 | 1,350,000 | 1,398,000 | 1,308,000 | 1,535,000 | 1,635,000 | 1,589,000 | 1,570,000 | 1,687,000 |
| Revenue (ttm) | US$ in thousands | 18,119,000 | 17,888,000 | 17,733,000 | 17,607,000 | 17,552,000 | 17,655,000 | 17,643,000 | 17,356,000 | 16,913,000 | 16,477,000 | 15,717,000 | 14,289,000 | 13,791,000 | 13,706,000 | 13,844,000 | 14,888,000 | 15,131,000 | 15,104,000 | 15,103,000 | 15,207,000 |
| Pretax margin | 9.43% | 10.29% | 9.60% | 9.21% | 7.70% | 7.53% | 7.72% | 8.03% | 10.72% | 11.30% | 12.65% | 10.69% | 9.79% | 10.20% | 9.45% | 10.31% | 10.81% | 10.52% | 10.40% | 11.09% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,709,000K ÷ $18,119,000K
= 9.43%
The pretax margin for PPG Industries, Inc. has shown a generally increasing trend over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin was 9.58%, slightly lower than the previous quarter's 10.37%. However, it is significantly higher compared to the same quarter of the previous year, where it was 7.82%.
Overall, the pretax margin has been relatively stable around the 8-10% range, indicating that the company is effectively managing its operating expenses relative to its revenue. This shows that PPG Industries, Inc. has been able to maintain a healthy level of profitability before taxes over the periods analyzed. Further examination of the company's cost-control measures and revenue generation strategies could provide insights into the fluctuations observed in the pretax margin.
Peer comparison
Dec 31, 2023