Stanley Black & Decker Inc (SWK)
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 | -404,500 | 930,100 | 1,744,300 | 1,271,800 | 1,082,600 |
| Revenue | US$ in thousands | 15,781,100 | 16,947,400 | 15,281,300 | 12,750,000 | 12,912,900 |
| Pretax margin | -2.56% | 5.49% | 11.41% | 9.97% | 8.38% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-404,500K ÷ $15,781,100K
= -2.56%
The pretax margin of Stanley Black & Decker Inc has shown fluctuations over the past five years. In 2023, the company experienced a negative pretax margin of -2.56%, indicating that its pre-tax income was insufficient to cover operating expenses and non-operating costs. This represents a significant decline from the previous year's pretax margin of 5.49%.
Comparing the pretax margin to 2021, there was a notable decrease from 11.41% to 9.97% in 2020, followed by a further increase to 8.38% in 2019. These fluctuations suggest potential challenges in maintaining consistent profitability levels. It is essential for the company to closely monitor its cost structures, revenue streams, and overall operational efficiency to enhance its pretax margin and overall financial performance.
Peer comparison
Dec 31, 2023