Simpson Manufacturing Company Inc (SSD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 434,043 | 476,547 | 448,065 | 358,549 | 249,564 |
| Revenue | US$ in thousands | 2,230,640 | 2,207,600 | 2,106,880 | 1,564,670 | 1,265,190 |
| Pretax margin | 19.46% | 21.59% | 21.27% | 22.92% | 19.73% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $434,043K ÷ $2,230,640K
= 19.46%
Based on the provided data, Simpson Manufacturing Company Inc's pretax margin has shown a consistent performance over the years from 2020 to 2024. The pretax margin measures the company's ability to generate profits before accounting for taxes relative to its total revenue.
Simpson Manufacturing Company Inc's pretax margin has exhibited a positive trend during this period. Starting at 19.73% in 2020, it steadily increased to reach a peak of 22.92% in 2021, indicating an improvement in the company's efficiency in managing costs and generating profits. However, there was a slight dip in 2022 to 21.27%, followed by a slight increase to 21.59% in 2023.
In 2024, the pretax margin decreased to 19.46%, which may suggest potential challenges in cost management or lower revenue growth during that year. It's important for stakeholders to further investigate the reasons behind this decline to determine if it's a short-term fluctuation or a sustained issue that requires attention.
Overall, Simpson Manufacturing Company Inc's pretax margin performance demonstrates the company's ability to generate profits before taxes, with fluctuations that should be carefully monitored and analyzed in the context of the company's overall financial health and business strategy.
Peer comparison
Dec 31, 2024