Service Corporation International (SCI)

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	708,262	754,932	1,045,190	661,830	464,257
Revenue	US$ in thousands	4,099,780	4,108,660	4,143,140	3,511,510	3,230,780
Pretax margin		17.28%	18.37%	25.23%	18.85%	14.37%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $708,262K ÷ $4,099,780K
= 17.28%

Service Corp. International's pretax margin has fluctuated over the past five years, with a decreasing trend observed from 2019 to 2020, followed by an increase in 2021, and subsequently, a decline in 2022 and 2023. The pretax margin was at its lowest in 2019 at 14.38% and reached its peak in 2021 at 25.23%. The decrease in pretax margin from 2021 to 2023 indicates a potential decline in the company's profitability before accounting for taxes in recent years. Further analysis is necessary to understand the factors driving these fluctuations and to assess the company's overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Service Corporation International

SCI

17.28%