Reliance Steel & Aluminum Co (RS)
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 | 1,736,500 | 2,426,300 | 1,878,700 | 474,900 | 924,700 |
| Revenue | US$ in thousands | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 | 10,973,800 |
| Pretax margin | 11.73% | 14.25% | 13.33% | 5.39% | 8.43% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,736,500K ÷ $14,805,900K
= 11.73%
Reliance Steel & Aluminum Co.'s pretax margin has displayed fluctuations over the past five years. The company's pretax margin stood at 11.76% at the end of 2023, compared to 14.28% in 2022 and 13.36% in 2021. Notably, the company experienced a significant increase in its pretax margin between 2020 and 2021. However, in 2020, the pretax margin was lower at 5.43% compared to the preceding and succeeding years.
The variability in pretax margin over the years could indicate fluctuations in the company's profitability before accounting for taxes and interest expenses. It would be valuable to further explore the reasons behind these fluctuations to assess the company's operational efficiency and financial stability.
Peer comparison
Dec 31, 2023