Robert Half International Inc (RHI)
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 | 576,583 | 896,955 | 803,780 | 421,882 | 625,515 |
| Revenue | US$ in thousands | 6,416,490 | 7,246,150 | 6,461,640 | 5,110,340 | 6,079,560 |
| Pretax margin | 8.99% | 12.38% | 12.44% | 8.26% | 10.29% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $576,583K ÷ $6,416,490K
= 8.99%
The pretax margin of Robert Half Inc has displayed some fluctuations over the past five years. In 2023, the pretax margin decreased to 9.02% from 12.39% in 2022 and 12.44% in 2021. The pretax margin was at 8.26% in 2020 and 10.30% in 2019.
The decreasing trend in pretax margin from 2021 to 2023 indicates a decline in the company's ability to generate profits before taxes relative to its revenue. This could be influenced by factors such as changes in operating expenses, revenue growth, or efficiency in cost management.
Further analysis of the financial statements and other performance metrics would be necessary to determine the specific reasons behind these fluctuations in the pretax margin of Robert Half Inc.
Peer comparison
Dec 31, 2023