Molson Coors Brewing Co Class B (TAP)
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 | 1,245,000 | -51,300 | 1,236,200 | -647,200 | 475,400 |
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Pretax margin | 4.91% | -0.22% | 5.50% | -5.52% | 3.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,245,000K ÷ $25,352,700K
= 4.91%
The pretax margin of Molson Coors Beverage Company has varied over the past five years. In 2023, the company's pretax margin stood at 10.70%, indicating that for every dollar of revenue generated, the company retained $0.107 before considering taxes. This represents a significant improvement from the previous year, where the pretax margin was negative at -0.58%, suggesting the company's expenses exceeded its operating income.
Comparing the 2023 pretax margin with the figures from 2021, 2020, and 2019, we observe fluctuations in profitability. In 2021, the pretax margin was 12.05%, indicating a more profitable year compared to 2023. However, the success was not sustained as in 2020, the company reported a negative pretax margin of -6.67%, signifying a loss-making year. In 2019, the pretax margin was 4.54%, showing a moderate profitability level.
Overall, the pretax margin of Molson Coors Beverage Company has been volatile in recent years, reflecting fluctuations in the company's operational efficiency and cost management efforts. It is important for the company to continue monitoring and improving its pretax margin to ensure sustainable profitability in the long run.
Peer comparison
Dec 31, 2023