Smurfit WestRock plc (SW)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,055,000 | 1,293,000 | 913,000 | 748,000 |
| Revenue | US$ in thousands | 11,272,000 | 12,815,000 | 10,107,000 | 8,530,000 |
| Pretax margin | 9.36% | 10.09% | 9.03% | 8.77% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,055,000K ÷ $11,272,000K
= 9.36%
The pretax margin of Smurfit WestRock plc has demonstrated stable performance over the past four years. The company's pretax margin was 9.36% in 2023, a slight decrease from 10.09% in 2022 but still higher than the margins of 9.03% in 2021 and 8.77% in 2020. This indicates that the company has generally been able to effectively control its expenses relative to its revenue before accounting for income taxes. Despite the minor fluctuation in the pretax margin from year to year, Smurfit WestRock plc has maintained a healthy level of profitability before tax over the period analyzed. Additional analysis would be required to understand the specific factors influencing these margin changes and whether they align with the company's strategic goals.
Peer comparison
Dec 31, 2023