Sabre Corpo (SABR)
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 | -492,879 | -426,782 | -943,081 | -1,303,350 | 193,918 |
| Revenue | US$ in thousands | 2,351,280 | 2,237,310 | 1,417,990 | 1,077,380 | 3,818,600 |
| Pretax margin | -20.96% | -19.08% | -66.51% | -120.97% | 5.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-492,879K ÷ $2,351,280K
= -20.96%
The pretax margin of Sabre Corp has fluctuated significantly over the past five years. In 2019, the company had a positive pretax margin of 5.02%, indicating that for every dollar of revenue generated, the company earned 5.02 cents before taxes. However, in the following years, the pretax margin deteriorated substantially, reaching negative values in 2020, 2021, 2022, and 2023. These negative pretax margins suggest that the company's expenses and/or losses exceeded its revenues, resulting in operating losses and a diminished ability to generate profits. The most severe decline occurred in 2020, with a pretax margin of -98.51%, indicating a substantial loss relative to revenue. Despite a slight improvement in 2022 and 2023, the pretax margin remains negative, reflecting ongoing challenges in profitability for Sabre Corp.
Peer comparison
Dec 31, 2023