Simpson Manufacturing Company Inc (SSD)
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 | 476,547 | 448,065 | 358,549 | 249,564 | 178,357 |
| Revenue | US$ in thousands | 2,207,600 | 2,106,880 | 1,564,670 | 1,265,190 | 1,139,370 |
| Pretax margin | 21.59% | 21.27% | 22.92% | 19.73% | 15.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $476,547K ÷ $2,207,600K
= 21.59%
Simpson Manufacturing Co., Inc.'s pretax margin has shown a consistent upward trend over the past five years. The pretax margin increased from 15.69% in 2019 to 21.53% in 2023, indicating improved profitability. This suggests that the company has been successful in managing its operating expenses relative to its revenue generation. The company's ability to maintain and increase its pretax margin demonstrates an efficient cost structure and effective management of operational costs, contributing to enhanced overall profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Simpson Manufacturing Company Inc
SSD
21.59%
Snap-On Inc
SNA
25.54%
Stanley Black & Decker Inc
SWK
-2.56%