Talos Energy (TALO)
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 | 126,735 | 384,452 | -184,587 | -430,022 | 22,588 |
| Revenue | US$ in thousands | 1,457,890 | 1,651,980 | 1,244,540 | 575,936 | 908,064 |
| Pretax margin | 8.69% | 23.27% | -14.83% | -74.66% | 2.49% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $126,735K ÷ $1,457,890K
= 8.69%
Talos Energy Inc's pretax margin has shown significant fluctuations over the past five years. In 2023, the pretax margin was 8.69%, representing a decrease from the prior year's level of 23.27%. The positive pretax margin indicates that the company was able to generate a profit before taxes, although at a lower rate compared to the previous year.
The pretax margin for 2021 was negative at -14.83%, reflecting a loss before taxes. This negative performance improved compared to the previous year, as in 2020, the pretax margin was significantly lower at -73.20%. In 2019, the pretax margin was positive at 2.44%, suggesting that the company was profitable before taxes that year.
Overall, the trend in Talos Energy Inc's pretax margin shows variability, with both positive and negative margins in recent years. It is essential for the company to analyze the factors driving these fluctuations to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2023