Republic Services Inc (RSG)
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 | 2,191,100 | 1,831,490 | 1,573,200 | 1,140,300 | 1,295,300 |
| Revenue | US$ in thousands | 17,278,700 | 15,645,200 | 13,321,800 | 12,031,700 | 12,193,000 |
| Pretax margin | 12.68% | 11.71% | 11.81% | 9.48% | 10.62% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,191,100K ÷ $17,278,700K
= 12.68%
The pretax margin of Republic Services, Inc. has shown fluctuations over the past five years. In 2023, the pretax margin increased to 14.64% from 13.56% in 2022. This indicates that the company was able to improve its profitability before accounting for taxes.
Comparing the latest figure to historical data, we observe that the pretax margin in 2023 was higher than in 2021 and 2019 but slightly lower than in 2020. This suggests that Republic Services, Inc. was more efficient in generating pre-tax profits in 2023 compared to the two previous years but slightly less efficient than in 2020.
Overall, the increasing trend in the pretax margin from 2020 to 2023 indicates that the company may have implemented strategies to enhance its operational efficiency and cost management, resulting in improved profitability levels. However, further analysis of the company's revenue and expense structure would provide a more comprehensive understanding of the factors driving these changes in the pretax margin.
Peer comparison
Dec 31, 2023