Reliance Steel & Aluminum Co (RS)
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 | 1,736,500 | 1,849,700 | 1,985,800 | 2,237,600 | 2,426,300 | 2,526,900 | 2,535,400 | 2,216,900 | 1,878,700 | 1,498,400 | 1,093,100 | 751,600 | 475,800 | 519,300 | 610,200 | 753,300 | 925,400 | 839,700 | 815,400 | 875,100 |
| Revenue (ttm) | US$ in thousands | 14,805,900 | 15,095,900 | 15,714,200 | 16,509,200 | 17,025,000 | 17,403,100 | 17,003,300 | 15,740,800 | 14,093,300 | 12,238,900 | 10,477,000 | 9,078,600 | 8,811,900 | 9,146,800 | 9,742,300 | 10,597,400 | 10,974,000 | 11,271,800 | 11,580,900 | 11,710,000 |
| Pretax margin | 11.73% | 12.25% | 12.64% | 13.55% | 14.25% | 14.52% | 14.91% | 14.08% | 13.33% | 12.24% | 10.43% | 8.28% | 5.40% | 5.68% | 6.26% | 7.11% | 8.43% | 7.45% | 7.04% | 7.47% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,736,500K ÷ $14,805,900K
= 11.73%
Reliance Steel & Aluminum Co.'s pretax margin has shown a downward trend from the fourth quarter of 2022 to the fourth quarter of 2023. The pretax margin decreased from 14.28% in Q4 2022 to 11.76% in Q4 2023. This decline indicates a reduced profitability before tax over this period. However, it is worth noting that the pretax margin fluctuated in the previous quarters, showing some variability. Overall, the company's pretax margin has been relatively healthy, ranging from a low of 11.76% to a high of 14.94% over the past eight quarters. This trend suggests that while there have been fluctuations, the company has managed to maintain decent profitability levels.
To provide a more detailed analysis, it would be beneficial to compare Reliance Steel & Aluminum Co.'s pretax margin with industry benchmarks and the company's historical performance to assess its competitive position and trend over time.
Peer comparison
Dec 31, 2023