Rogers Corporation (ROG)

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	76,300	126,081	117,558	116,383	140,380	73,911	90,366	104,909	126,280	137,669	111,165	93,569	68,534	7,027	28,121	38,723	55,126	118,713	118,599	112,785
Revenue (ttm)	US$ in thousands	901,299	912,712	930,181	952,619	959,464	974,498	968,031	952,111	933,645	911,742	872,311	827,187	796,024	779,120	800,771	852,145	894,360	923,534	930,355	904,278
Pretax margin		8.47%	13.81%	12.64%	12.22%	14.63%	7.58%	9.34%	11.02%	13.53%	15.10%	12.74%	11.31%	8.61%	0.90%	3.51%	4.54%	6.16%	12.85%	12.75%	12.47%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $76,300K ÷ $901,299K
= 8.47%

To analyze Rogers Corp.'s pretax margin trend, we observe fluctuations in the pretax margin over the past eight quarters. The pretax margin measures the company's profitability before taxes are deducted relative to its total revenue.

In Q4 2023, the pretax margin was 8.40%, showing a decrease from the previous quarter's 13.59%. This decrease could be indicative of higher expenses relative to revenue or inefficiencies in cost management during the period.

Compared to Q4 2022, where the pretax margin was 14.45%, there was a decline in profitability in the most recent quarter. The company's ability to generate profits before taxes has weakened over the past year.

The highest pretax margin was recorded in Q3 2023 at 13.59%, indicating a period of improved profitability relative to the quarters before and after. However, this high was followed by a notable decrease in Q4 2023.

Overall, the trend in pretax margin fluctuates, with some quarters showing higher profitability than others. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial health and sustainability.