Sealed Air Corporation (SEE)
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 | 432,000 | 729,600 | 731,800 | 645,000 | 339,600 |
| Revenue | US$ in thousands | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 | 4,791,100 |
| Pretax margin | 7.87% | 12.93% | 13.22% | 13.15% | 7.09% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $432,000K ÷ $5,488,900K
= 7.87%
Sealed Air Corp.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin decreased to 7.83% from 12.93% in 2022. This decline indicates a reduction in the company's ability to generate profits before accounting for taxes in 2023. Comparing the pretax margin to previous years, it is evident that Sealed Air Corp. experienced a peak in profitability in 2021 and 2020, with pretax margins of 12.94% and 12.77% respectively. The pretax margin in 2019 was 7.73%, which is comparable to the margin in 2023, suggesting some cyclicality in the company's profitability over the years. Further analysis of the factors contributing to the fluctuations in pretax margin would provide more insight into Sealed Air Corp.'s financial performance and strategic direction.
Peer comparison
Dec 31, 2023