Somnigroup International Inc. (SGI)
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 | 471,500 | 574,700 | 822,800 | 451,400 | 264,200 |
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Pretax margin | 9.57% | 11.68% | 16.69% | 12.28% | 8.51% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $471,500K ÷ $4,925,400K
= 9.57%
The pretax margin of Somnigroup International Inc. has shown fluctuating trends over the years. It increased from 8.51% in December 2019 to 16.69% in December 2021, indicating improved efficiency in managing operating expenses relative to revenue. However, the pretax margin declined to 11.68% in December 2022 and further decreased to 9.57% by December 2023.
The downward trend in pretax margin in the last two years suggests that the company may be facing challenges in controlling costs or generating sufficient revenue growth to offset increasing expenses. It is essential for Somnigroup International Inc. to evaluate its cost structure and revenue streams to enhance profitability and sustainable growth in the future.
Peer comparison
Dec 31, 2023