Boston Beer Company Inc (SAM)
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 | 109,588 | 91,436 | 6,909 | 244,230 | 144,370 |
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Pretax margin | 5.46% | 4.37% | 0.34% | 14.07% | 11.55% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $109,588K ÷ $2,008,620K
= 5.46%
The pretax margin of Boston Beer Company Inc has fluctuated over the past five years. In 2023, the pretax margin stood at 5.46%, representing an increase from the previous year's 4.37%. However, it remains lower compared to the levels seen in 2020 and 2019, where the company reported pretax margins of 14.07% and 11.55%, respectively. The pretax margin in 2021 was notably low at 0.34%.
This fluctuation in pretax margin indicates variability in the company's profitability before accounting for taxes and suggests that Boston Beer Company Inc may have experienced both challenges and successes in controlling operating expenses and generating revenues over the years. Further analysis of the company's financial performance and operational efficiency would be necessary to understand the factors influencing these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023