Stepan Company (SCL)
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 | 60,439 | 54,317 | 48,840 | 47,948 | 48,391 | 61,368 | 95,986 | 149,216 | 188,703 | 201,629 | 190,487 | 178,791 | 172,537 | 194,656 | 198,738 | 188,691 | 171,067 | 154,597 | 138,648 | 130,381 |
| Revenue (ttm) | US$ in thousands | 2,180,274 | 2,186,796 | 2,202,180 | 2,225,750 | 2,325,768 | 2,420,813 | 2,577,772 | 2,749,430 | 2,773,270 | 2,756,121 | 2,639,624 | 2,483,502 | 2,345,966 | 2,230,673 | 2,092,465 | 1,957,503 | 1,869,750 | 1,820,006 | 1,807,108 | 1,819,562 |
| Pretax margin | 2.77% | 2.48% | 2.22% | 2.15% | 2.08% | 2.54% | 3.72% | 5.43% | 6.80% | 7.32% | 7.22% | 7.20% | 7.35% | 8.73% | 9.50% | 9.64% | 9.15% | 8.49% | 7.67% | 7.17% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $60,439K ÷ $2,180,274K
= 2.77%
The pretax margin of Stepan Company, a key indicator of profitability before taxes, has shown fluctuating trends over the analyzed period from March 31, 2020, to December 31, 2024.
We observe a general upward trend from March 31, 2020, to March 31, 2021, where the pretax margin increased steadily from 7.17% to 9.64%. This period reflects improving profitability levels for the company.
However, from June 30, 2021, to December 31, 2024, there is a noticeable decline in the pretax margin. The pretax margin fell from 9.50% on June 30, 2021, to 2.77% by December 31, 2024. This downward trend indicates a decreasing level of profitability before taxes for the company.
The most significant drop occurred from March 31, 2023, to September 30, 2023, where the pretax margin decreased sharply from 5.43% to 2.54%. This decline may raise concerns about the company's financial performance during this period.
Overall, the pretax margin of Stepan Company experienced periods of both growth and decline, highlighting the importance of closely monitoring profitability metrics to assess the company's financial health and performance.
Peer comparison
Dec 31, 2024