Skechers USA Inc (SKX)
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 | 877,749 | 887,661 | 848,474 | 864,120 | 800,872 | 762,521 | 671,225 | 585,599 | 522,257 | 504,587 | 527,953 | 596,421 | 569,757 | 553,629 | 512,524 | 249,633 | 154,728 | 182,124 | 229,531 | 401,851 |
| Revenue (ttm) | US$ in thousands | 8,969,350 | 8,717,870 | 8,395,130 | 8,250,010 | 8,000,350 | 7,918,190 | 7,771,600 | 7,626,880 | 7,444,540 | 7,213,640 | 6,886,230 | 6,676,200 | 6,285,030 | 5,961,860 | 5,711,790 | 4,783,492 | 4,597,412 | 4,603,432 | 4,656,542 | 5,185,630 |
| Pretax margin | 9.79% | 10.18% | 10.11% | 10.47% | 10.01% | 9.63% | 8.64% | 7.68% | 7.02% | 6.99% | 7.67% | 8.93% | 9.07% | 9.29% | 8.97% | 5.22% | 3.37% | 3.96% | 4.93% | 7.75% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $877,749K ÷ $8,969,350K
= 9.79%
Skechers USA Inc's pretax margin has shown some fluctuations over the past few years but generally indicates a positive trend. The pretax margin refers to the percentage of each dollar of revenue that represents pre-tax profit, providing insight into the company's operational efficiency and profitability.
From March 2020 to December 2024, Skechers' pretax margin ranged from a low of 3.37% in December 2020 to a peak of 10.47% in March 2024. The company experienced a gradual increase in pretax margin from 2020 to 2023, with some fluctuations in between. Notably, there was a significant improvement in pretax margin from September 2023 to March 2024, indicating a boost in profitability during that period.
While there was a slight decline in pretax margin in the latter half of 2024, the overall trend suggests that Skechers USA Inc has been able to effectively manage its costs and generate higher profits relative to its revenue over the years. This performance could be attributed to various factors such as efficient cost control measures, successful revenue management strategies, and possibly improvements in operational efficiencies.
Overall, the pretax margin trend indicates that Skechers USA Inc has shown resilience and profitability in its operations, with the potential for continued growth and sustainability in the future, barring any significant adverse developments.
Peer comparison
Dec 31, 2024