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.