Sensient Technologies Corporation (SXT)
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 | 129,851 | 182,204 | 157,484 | 137,845 | 101,003 |
| Revenue | US$ in thousands | 1,430,740 | 1,422,220 | 1,367,390 | 1,317,440 | 1,303,950 |
| Pretax margin | 9.08% | 12.81% | 11.52% | 10.46% | 7.75% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $129,851K ÷ $1,430,740K
= 9.08%
Sensient Technologies Corp.'s pretax margin has displayed some fluctuations over the past five years, ranging from 7.63% in 2019 to 12.68% in 2022. The pretax margin for the most recent year, 2023, stands at 8.92%. This indicates the percentage of each dollar of revenue that the company retains as profit before paying taxes. The downward trend in pretax margin from 2022 to 2023 suggests potential challenges in controlling costs or maximizing revenue streams during the period. Further analysis of the company's cost structure and revenue generation strategies would be beneficial to understand the factors influencing the fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023