Sylvamo Corp (SLVM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 369,000 | 249,000 | 432,000 |
| Revenue | US$ in thousands | 3,687,000 | 3,559,000 | 3,504,000 |
| Pretax margin | 10.01% | 7.00% | 12.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $369,000K ÷ $3,687,000K
= 10.01%
Sylvamo Corp's pre-tax margin has experienced fluctuations over the past four years. In 2023, the pre-tax margin decreased to 9.92% from 12.87% in 2022 and 13.14% in 2021. This downward trend in pre-tax margin suggests a potential decrease in the company's profitability compared to the previous years. However, it is worth noting that the pre-tax margin in 2023 is still higher than the 6.58% recorded in 2020. Further analysis is recommended to understand the factors contributing to the fluctuation in pre-tax margins and to assess the company's overall financial performance and efficiency in generating profits before taxes.
Peer comparison
Dec 31, 2023