SkyWest Inc (SKYW)
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 | 40,309 | 92,583 | 150,610 | -7,327 | 446,305 |
| Revenue | US$ in thousands | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 | 2,971,960 |
| Pretax margin | 1.39% | 3.12% | 5.68% | -0.36% | 15.02% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $40,309K ÷ $2,890,360K
= 1.39%
Skywest Inc.'s pretax margin has experienced fluctuations over the past five years. In 2019, the company achieved a relatively high pretax margin of 15.02%, indicating efficient cost management and profitability. However, there was a significant decline in 2020, with a negative pretax margin of -0.34%, suggesting potential financial challenges or operational issues during that period.
In the subsequent years, there was a gradual recovery in the pretax margin, reaching 5.55% in 2021 and further increasing to 3.08% in 2022. However, in 2023, the pretax margin decreased to 1.37%, reflecting a downward trend that may raise concerns about the company's profitability and operational efficiency in the most recent period.
Overall, Skywest Inc.'s pretax margin trend highlights the importance of continuous monitoring and analysis to identify factors impacting profitability and make informed decisions to drive financial performance in the future.
Peer comparison
Dec 31, 2023