Sabre Corpo (SABR)
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 | -493,508 | -564,203 | -506,746 | -570,721 | -426,977 | -474,347 | -573,836 | -639,590 | -943,081 | -1,035,197 | -1,120,650 | -1,320,098 | -1,303,097 | -1,000,552 | -601,637 | -114,455 | 193,918 | 260,805 | 287,223 | 339,561 |
| Revenue (ttm) | US$ in thousands | 2,351,283 | 2,326,888 | 2,413,193 | 2,359,903 | 2,237,311 | 2,133,894 | 1,910,245 | 1,674,993 | 1,418,057 | 1,212,408 | 1,050,164 | 719,231 | 1,077,383 | 1,787,801 | 2,531,876 | 3,507,423 | 3,935,248 | 3,917,754 | 3,943,581 | 3,927,947 |
| Pretax margin | -20.99% | -24.25% | -21.00% | -24.18% | -19.08% | -22.23% | -30.04% | -38.18% | -66.51% | -85.38% | -106.71% | -183.54% | -120.95% | -55.97% | -23.76% | -3.26% | 4.93% | 6.66% | 7.28% | 8.64% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-493,508K ÷ $2,351,283K
= -20.99%
The pretax margin of Sabre Corp has shown fluctuating results over the past eight quarters. In Q4 2023, the pretax margin improved to -16.97% from the previous quarter's -19.74%. However, when compared to the same quarter in the prior year (Q4 2022), the pretax margin was still negative, albeit slightly better.
It is notable that the pretax margin has been negative for all quarters in the provided data, indicating that Sabre Corp is incurring pre-tax losses consistently. The largest decline in pretax margin was observed in Q1 2022, where it reached -32.65%. Since then, there has been a general trend of moderate improvement, as seen in the more recent quarters.
Overall, Sabre Corp's pretax margin performance suggests that the company has been facing challenges in generating profits before taxes. Management may need to focus on cost management, revenue generation, and operational efficiency to enhance the company's profitability in the future.
Peer comparison
Dec 31, 2023