Schneider National Inc (SNDR)

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	306,100	604,000	542,000	282,900	198,100
Revenue	US$ in thousands	5,498,900	6,604,400	5,608,700	4,552,800	4,747,000
Pretax margin		5.57%	9.15%	9.66%	6.21%	4.17%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $306,100K ÷ $5,498,900K
= 5.57%

The pretax margin of Schneider National Inc has fluctuated over the past five years, ranging from a low of 4.17% in 2019 to a high of 9.66% in 2021. In 2023, the pretax margin decreased to 5.57%, down from 9.15% in 2022. This decrease indicates that the company's pre-tax profitability relative to total revenue has declined compared to the previous year. It's important to further investigate the reasons behind this decline to assess the company's efficiency in managing its costs and generating profits before taxes.