Skechers USA Inc (SKX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 877,749 | 800,872 | 522,257 | 569,757 | 154,729 |
| Revenue | US$ in thousands | 8,969,350 | 8,000,340 | 7,444,550 | 6,285,030 | 4,597,410 |
| Pretax margin | 9.79% | 10.01% | 7.02% | 9.07% | 3.37% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $877,749K ÷ $8,969,350K
= 9.79%
Skechers USA Inc's pretax margin has shown a positive trend over the past five years, increasing from 3.37% in December 2020 to 9.79% in December 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes relative to its total revenue. Despite a slight decrease in 2022 to 7.02%, the margin rebounded and continued to grow in 2023 and 2024, reaching double-digit percentages. This upward trajectory suggests efficient cost management and potentially increasing profitability in the company's operations. The consistent growth in pretax margin reflects positively on Skechers USA Inc's financial performance and overall profitability.
Peer comparison
Dec 31, 2024