RPC Inc (RES)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	112,802	151,315	152,708	198,889	256,243	317,257	384,682	359,457	289,632	196,425	111,293	50,200	16,448	-24,508	-62,692	-101,013	-309,431	-316,293	-378,668	-330,890
Revenue (ttm)	US$ in thousands	1,414,999	1,474,169	1,466,934	1,518,639	1,617,474	1,704,973	1,834,157	1,793,806	1,601,762	1,387,984	1,153,693	966,943	864,929	745,314	636,592	537,135	598,302	685,662	862,314	1,131,530
Pretax margin		7.97%	10.26%	10.41%	13.10%	15.84%	18.61%	20.97%	20.04%	18.08%	14.15%	9.65%	5.19%	1.90%	-3.29%	-9.85%	-18.81%	-51.72%	-46.13%	-43.91%	-29.24%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $112,802K ÷ $1,414,999K
= 7.97%

RPC Inc's pretax margin has shown a notable improvement over the analyzed period, starting from negative margins in early 2020 and gradually increasing to positive percentages by the end of 2021 and beyond. The trend reflects the company's ability to control its operating expenses and generate higher pre-tax profits relative to its revenues. The pretax margin increased steadily from 2021 to 2023, peaking at 20.97% in June 2023. However, there was a slight decline in the pretax margin in the subsequent quarters of 2023 and early 2024 before stabilizing around 10% by mid-2024. This indicates a positive overall performance trend with some fluctuations in profitability. Investors and stakeholders may view this as a sign of improving operational efficiency and financial health for RPC Inc.