Rogers Corporation (ROG)

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	76,300	140,380	126,280	68,534	55,126
Revenue	US$ in thousands	902,700	959,464	934,230	796,307	890,491
Pretax margin		8.45%	14.63%	13.52%	8.61%	6.19%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $76,300K ÷ $902,700K
= 8.45%

Rogers Corp.'s pretax margin has fluctuated over the past five years, ranging from 6.14% in 2019 to 14.45% in 2022. The pretax margin measures the company's profitability before taxes relative to its total revenue. In 2023, the pretax margin decreased to 8.40% compared to the previous year. This decline may indicate that the company's profitability before tax as a percentage of revenue has weakened. It is important for stakeholders to further investigate the reasons behind this decrease in pretax margin to assess the company's financial performance and efficiency in generating profits.