Service Corporation International (SCI)
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 | 708,262 | 650,439 | 647,254 | 649,980 | 754,932 | 894,047 | 1,009,534 | 1,035,438 | 1,045,187 | 1,033,505 | 924,413 | 862,344 | 661,830 | 607,574 | 515,597 | 469,818 | 464,257 | 529,376 | 508,479 | 499,785 |
| Revenue (ttm) | US$ in thousands | 4,099,780 | 4,071,660 | 4,047,520 | 4,024,965 | 4,108,655 | 4,124,235 | 4,180,885 | 4,177,565 | 4,143,145 | 4,070,153 | 3,954,024 | 3,786,524 | 3,511,509 | 3,392,001 | 3,243,001 | 3,235,538 | 3,230,785 | 3,200,839 | 3,210,384 | 3,193,904 |
| Pretax margin | 17.28% | 15.97% | 15.99% | 16.15% | 18.37% | 21.68% | 24.15% | 24.79% | 25.23% | 25.39% | 23.38% | 22.77% | 18.85% | 17.91% | 15.90% | 14.52% | 14.37% | 16.54% | 15.84% | 15.65% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $708,262K ÷ $4,099,780K
= 17.28%
Service Corp. International's pretax margin has shown a general downward trend over the past eight quarters, starting at 24.79% in Q1 2022 and declining to 17.28% in Q4 2023. The company's pretax margin peaked at 24.79% in Q1 and has since experienced a steady decrease. This decline indicates that the company's profitability before accounting for taxes has been gradually diminishing over the analyzed period. It would be prudent to further investigate the factors contributing to this trend, such as changes in revenues, costs, or operational efficiencies, to determine the underlying reasons for the decreasing pretax margin.
Peer comparison
Dec 31, 2023