Service Corporation International (SCI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 675,313 | 708,262 | 754,932 | 1,045,190 | 661,830 |
| Revenue | US$ in thousands | 4,186,380 | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 |
| Pretax margin | 16.13% | 17.28% | 18.37% | 25.23% | 18.85% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $675,313K ÷ $4,186,380K
= 16.13%
Service Corporation International's pretax margin has shown fluctuating trends over the years. It increased from 18.85% in December 2020 to 25.23% in December 2021, indicating improved profitability before taxes. However, there was a decrease in pretax margin to 18.37% in December 2022, followed by a further decline to 17.28% in December 2023, suggesting potential challenges in maintaining profitability levels.
The downward trend continued, with the pretax margin dropping to 16.13% by December 2024. This declining trend could signify increasing operating expenses relative to revenue or a decrease in revenue growth rates, impacting the company's overall profitability before taxes.
Service Corporation International may need to assess its cost structures, revenue streams, and operational efficiencies to address the downward trajectory in its pretax margin and strive for sustainable profitability in the future.
Peer comparison
Dec 31, 2024