Republic Services Inc (RSG)
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 | 2,191,050 | 2,081,419 | 1,983,074 | 1,881,274 | 1,831,474 | 1,735,229 | 1,697,605 | 1,645,870 | 1,573,170 | 1,496,765 | 1,345,065 | 1,217,900 | 1,140,400 | 1,224,100 | 1,275,400 | 1,305,300 | 1,295,300 | 1,368,300 | 1,339,300 | 1,321,900 |
| Revenue (ttm) | US$ in thousands | 17,278,600 | 16,950,800 | 16,689,900 | 16,324,100 | 15,643,000 | 15,044,700 | 14,352,700 | 13,730,800 | 13,321,800 | 12,896,000 | 12,488,000 | 12,067,100 | 12,031,500 | 12,033,800 | 12,116,200 | 12,304,300 | 12,193,100 | 12,139,500 | 12,041,100 | 11,939,300 |
| Pretax margin | 12.68% | 12.28% | 11.88% | 11.52% | 11.71% | 11.53% | 11.83% | 11.99% | 11.81% | 11.61% | 10.77% | 10.09% | 9.48% | 10.17% | 10.53% | 10.61% | 10.62% | 11.27% | 11.12% | 11.07% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,191,050K ÷ $17,278,600K
= 12.68%
The pretax margin for Republic Services, Inc. has shown fluctuation over the past eight quarters. In Q4 2023, the pretax margin was at 14.64%, marking an increase from the previous quarter's 14.20%. This improvement indicates the company's ability to generate higher earnings before accounting for taxes relative to its revenue.
Although there have been fluctuations in pretax margin throughout the periods analyzed, Republic Services, Inc. has generally maintained a pretax margin above 13%, with Q1 2023 showing the lowest pretax margin at 13.32%. This trend suggests the company's consistent profitability and operational efficiency, as it has been able to control its operating expenses effectively relative to its revenue.
Furthermore, the company's pretax margin peaked at 14.84% in Q2 2022 before experiencing a slight decline in the subsequent quarters. This peak implies a period of strong financial performance, potentially driven by effective cost management or increased revenue generation.
Overall, Republic Services, Inc.'s pretax margin performance demonstrates a generally stable and profitable financial position, with periodic fluctuations that may be influenced by various internal and external factors impacting the company's operations and revenue streams.
Peer comparison
Dec 31, 2023