Stericycle Inc (SRCL)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,200 | 20,600 | 46,900 | 109,500 | 78,500 | 31,100 | -71,000 | -51,500 | -300 | 80,900 | 75,200 | 41,000 | -57,400 | -357,100 | -350,200 | -387,900 | -363,600 | -510,800 | -408,600 | -337,800 |
| Revenue (ttm) | US$ in thousands | 2,591,300 | 2,627,500 | 2,668,500 | 2,733,000 | 2,717,600 | 2,702,000 | 2,649,700 | 2,642,600 | 2,646,700 | 2,677,200 | 2,571,500 | 2,493,200 | 2,551,900 | 2,628,400 | 2,929,000 | 3,157,300 | 3,260,700 | 3,338,400 | 3,360,400 | 3,421,000 |
| Pretax margin | 0.12% | 0.78% | 1.76% | 4.01% | 2.89% | 1.15% | -2.68% | -1.95% | -0.01% | 3.02% | 2.92% | 1.64% | -2.25% | -13.59% | -11.96% | -12.29% | -11.15% | -15.30% | -12.16% | -9.87% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,200K ÷ $2,591,300K
= 0.12%
The pretax margin of Stericycle Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was relatively low at 0.12%, indicating that for every dollar of revenue generated, the company retained only 0.12 cents before taxes. This was a considerable decrease from the previous quarter's pretax margin of 0.78%.
Looking back over the past quarters, there was a notable decline in the pretax margin during Q3 2022 when it was recorded at -2.64%, implying that expenses outweighed revenues. However, the company managed to improve its performance in subsequent quarters and achieved positive pretax margins.
The highest pretax margin during this period was in Q1 2023 at 4.03%, signifying efficient cost management and strong revenue generation. On the other hand, the lowest pretax margin was in Q2 2022 at -2.64%, indicating challenges in controlling costs and making profitability difficult.
Overall, the pretax margin trend for Stericycle Inc. has been volatile, with fluctuations reflecting varying levels of operational efficiency and success in managing expenses relative to revenue.
Peer comparison
Dec 31, 2023