Gibraltar Industries Inc (ROCK)
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 | 148,992 | 111,490 | 100,675 | 89,034 | 83,244 |
| Revenue | US$ in thousands | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 | 898,233 |
| Pretax margin | 10.81% | 8.02% | 7.51% | 8.62% | 9.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $148,992K ÷ $1,377,740K
= 10.81%
The pretax margin of Gibraltar Industries Inc. has shown fluctuations over the past five years. In 2023, the company achieved a pretax margin of 10.81%, which represents an improvement from the previous year's 8.02%. This upward trend indicates that the company was able to generate more profit before taxes relative to its total revenue in 2023.
Comparing to the years prior to 2023, the pretax margin in 2023 is higher than both the 2021 and 2019 figures, showing the company's ability to enhance its profitability over time. However, it is important to note that the pretax margin in 2020 was higher at 10.44%, suggesting a slight dip in profitability in 2023 compared to the preceding year.
Overall, the increasing pretax margin from 2022 to 2023 reflects positive performance as the company was able to manage its expenses effectively and improve its operational efficiency. Additional analysis of the company's financial statements and business operations would provide a more comprehensive understanding of the factors driving these changes in pretax margin.
Peer comparison
Dec 31, 2023