Sabre Corpo (SABR)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -280,460 | -268,060 | -411,154 | -464,525 | -493,519 | -562,994 | -504,810 | -567,548 | -423,433 | -468,939 | -569,122 | -635,505 | -938,387 | -1,042,519 | -1,131,117 | -1,333,154 | -1,314,245 | -1,000,830 | -597,931 | -108,444 |
| Revenue (ttm) | US$ in thousands | 3,029,565 | 3,001,894 | 2,977,641 | 2,947,929 | 2,907,738 | 2,851,864 | 2,774,797 | 2,694,800 | 2,537,015 | 2,406,473 | 2,184,165 | 1,946,301 | 1,688,875 | 1,501,952 | 1,339,231 | 1,002,607 | 1,334,100 | 1,961,808 | 2,667,642 | 3,584,608 |
| Pretax margin | -9.26% | -8.93% | -13.81% | -15.76% | -16.97% | -19.74% | -18.19% | -21.06% | -16.69% | -19.49% | -26.06% | -32.65% | -55.56% | -69.41% | -84.46% | -132.97% | -98.51% | -51.02% | -22.41% | -3.03% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-280,460K ÷ $3,029,565K
= -9.26%
Sabre Corpo's pretax margin has experienced significant fluctuations over the past few years, reflecting changes in its profitability before accounting for taxes. The data indicates a consistent trend of negative pretax margins, with the margin deteriorating from relatively lower negative percentages to more substantial negative values, and then showing signs of improvement in the most recent periods.
The pretax margin was notably low in the period ending March 31, 2021, reaching a concerning -132.97%. However, there has been a gradual recovery since then, with the margin showing signs of stabilization and improvement. By the end of December 31, 2024, the pretax margin had moderated to -9.26%, suggesting an enhanced financial performance compared to previous periods.
It is important for Sabre Corpo to continue monitoring and managing its expenses, revenue generation, and overall operational efficiency to sustain this positive trend in pretax margin improvement over the coming quarters.
Peer comparison
Dec 31, 2024