Sturm Ruger & Company Inc (RGR)

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	58,824	68,479	81,381	87,252	108,279	132,528	159,561	193,723	206,594	203,257	188,127	152,560	120,981	89,247	62,726	46,437	43,026	49,754	55,574	67,213
Revenue (ttm)	US$ in thousands	543,767	562,374	580,871	578,720	595,842	614,659	653,515	712,934	730,736	731,955	699,414	629,606	568,868	504,747	454,041	420,106	410,506	426,488	446,434	478,516
Pretax margin		10.82%	12.18%	14.01%	15.08%	18.17%	21.56%	24.42%	27.17%	28.27%	27.77%	26.90%	24.23%	21.27%	17.68%	13.82%	11.05%	10.48%	11.67%	12.45%	14.05%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $58,824K ÷ $543,767K
= 10.82%

The pretax margin of Sturm, Ruger & Co., Inc. has shown a declining trend over the past eight quarters, starting at 27.17% in Q1 2022 and dropping to 10.82% in Q4 2023. The decreasing trend suggests that the company's profitability before accounting for taxes has been eroding over time. Factors contributing to this decline could include increasing costs, lower sales volumes, or pricing pressures. It is important for the company to closely monitor its cost structure and revenue generation strategies to reverse this downward trend and improve its pretax margin in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Sturm Ruger & Company Inc

RGR

10.82%

Axon Enterprise Inc.

AXON

9.87%

National Presto Industries Inc