RPC Inc (RES)
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 | 112,802 | 256,243 | 289,632 | 16,448 | -309,431 |
| Revenue | US$ in thousands | 1,415,000 | 1,617,470 | 1,601,760 | 864,929 | 598,302 |
| Pretax margin | 7.97% | 15.84% | 18.08% | 1.90% | -51.72% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $112,802K ÷ $1,415,000K
= 7.97%
Based on the data provided, RPC Inc's pretax margin has shown significant improvement over the years. The pretax margin was negative at -51.72% as of December 31, 2020, indicating operating losses. However, there has been a remarkable turnaround in the company's profitability, with the pretax margin increasing to 1.90% as of December 31, 2021, and further improving to 18.08% as of December 31, 2022.
Although there was a slight dip to 15.84% by December 31, 2023, the company maintained a positive pretax margin. By December 31, 2024, the pretax margin was reported at 7.97%, showing consistency in generating pre-tax profits. Overall, the trend suggests that RPC Inc has successfully turned around its profitability from losses to consistent positive margins, demonstrating effective cost management and potentially improving operational efficiency.
Peer comparison
Dec 31, 2024