Stericycle Inc (SRCL)
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 | 3,200 | 78,400 | -300 | -57,400 | -363,600 |
| Revenue | US$ in thousands | 2,591,300 | 2,718,000 | 2,646,700 | 2,548,200 | 3,176,400 |
| Pretax margin | 0.12% | 2.88% | -0.01% | -2.25% | -11.45% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,200K ÷ $2,591,300K
= 0.12%
Stericycle Inc.'s pretax margin has varied significantly over the past five years. In 2023, the pretax margin stands at 0.12%, showing a decline from the previous year's 2.92%. The company experienced a marginal improvement compared to 2021 when the pretax margin was a mere 0.03%. However, in 2020, Stericycle Inc. reported a negative pretax margin of -2.09%, indicating that the company's expenses exceeded its pre-tax income during that period. The performance in 2019 was even worse with a pretax margin of -10.96%.
Overall, Stericycle Inc.'s pretax margin has been inconsistent, with some years showing profitability and others incurring losses. This fluctuation may indicate challenges in managing costs effectively or variability in revenue generation. Further analysis of operational efficiency, cost control measures, and revenue streams may be necessary to understand the factors influencing the company's pretax margin performance.
Peer comparison
Dec 31, 2023