Sealed Air Corporation (SEE)
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 | 432,000 | 495,800 | 604,500 | 616,700 | 729,600 | 809,700 | 778,400 | 775,700 | 731,800 | 662,500 | 659,600 | 650,400 | 645,000 | 570,800 | 510,200 | 411,000 | 339,600 | 343,600 | 365,200 | 467,600 |
| Revenue (ttm) | US$ in thousands | 5,488,900 | 5,517,300 | 5,535,900 | 5,573,100 | 5,641,900 | 5,767,500 | 5,773,800 | 5,684,300 | 5,533,800 | 5,343,200 | 5,173,700 | 4,996,400 | 4,903,200 | 4,861,200 | 4,842,500 | 4,852,300 | 4,791,100 | 4,752,500 | 4,720,200 | 4,714,400 |
| Pretax margin | 7.87% | 8.99% | 10.92% | 11.07% | 12.93% | 14.04% | 13.48% | 13.65% | 13.22% | 12.40% | 12.75% | 13.02% | 13.15% | 11.74% | 10.54% | 8.47% | 7.09% | 7.23% | 7.74% | 9.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $432,000K ÷ $5,488,900K
= 7.87%
The pretax margin of Sealed Air Corp. has exhibited a downward trend over the past eight quarters. In Q4 2023, the pretax margin was 7.83%, decreasing from the previous quarter's 8.94%. This represents a successive decline from the peak of 13.82% in Q3 2022. The company's profitability before taxes has shown fluctuations, with lower margins reported in recent quarters compared to earlier periods. Further analysis is necessary to identify the factors contributing to the diminishing pretax margin and assess the company's overall financial performance.
Peer comparison
Dec 31, 2023