Reliance Steel & Aluminum Co (RS)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,139,900 | 1,339,700 | 1,467,200 | 1,628,400 | 1,740,700 | 1,854,000 | 1,990,000 | 2,241,700 | 2,430,400 | 2,531,200 | 2,539,800 | 2,221,300 | 1,883,100 | 1,501,800 | 1,096,200 | 754,100 | 478,200 | 521,700 | 613,100 | 756,900 |
| Revenue (ttm) | US$ in thousands | 13,835,000 | 14,045,700 | 14,248,400 | 14,485,400 | 14,805,900 | 15,079,400 | 15,703,600 | 16,504,500 | 17,025,000 | 17,402,900 | 17,003,100 | 15,740,700 | 14,093,300 | 12,238,700 | 10,476,900 | 9,077,400 | 8,811,900 | 9,125,600 | 9,725,900 | 10,590,100 |
| Pretax margin | 8.24% | 9.54% | 10.30% | 11.24% | 11.76% | 12.29% | 12.67% | 13.58% | 14.28% | 14.54% | 14.94% | 14.11% | 13.36% | 12.27% | 10.46% | 8.31% | 5.43% | 5.72% | 6.30% | 7.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,139,900K ÷ $13,835,000K
= 8.24%
Reliance Steel & Aluminum Co's pretax margin has shown variations over the quarters analyzed. The pretax margin started at 7.15% in March 2020, declining to 5.43% by December 2020. However, there was a significant increase in the pretax margin from March 2021, reaching a peak of 14.94% in June 2022.
Although the pretax margin gradually decreased after June 2022, it remained relatively high compared to the earlier quarters, indicating healthy profitability. The pretax margin fluctuated between 9.54% and 14.54% from September 2022 to September 2023.
There was a downward trend in the pretax margin from March 2024 to December 2024, declining from 11.24% to 8.24%. This could suggest potential challenges in maintaining profitability during this period.
Overall, the trend in the pretax margin for Reliance Steel & Aluminum Co reflects both positive and challenging periods, showcasing the company's ability to adapt to changing market conditions and operational efficiency.