Molson Coors Brewing Co Class B (TAP)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,245,000 | 516,900 | 245,100 | -138,000 | -51,300 | 620,600 | 829,100 | 1,295,700 | 1,236,200 | -204,100 | -237,100 | -358,500 | -647,200 | 890,100 | 131,200 | 131,500 | 475,400 | 340,900 | 1,055,800 | 1,172,300 |
| Revenue (ttm) | US$ in thousands | 25,467,000 | 25,112,400 | 24,361,000 | 23,646,400 | 23,380,700 | 23,418,000 | 23,223,500 | 23,303,800 | 20,764,200 | 17,795,400 | 14,915,700 | 11,442,100 | 11,723,800 | 12,037,000 | 12,156,600 | 12,746,800 | 13,009,100 | 12,942,500 | 13,069,600 | 13,270,100 |
| Pretax margin | 4.89% | 2.06% | 1.01% | -0.58% | -0.22% | 2.65% | 3.57% | 5.56% | 5.95% | -1.15% | -1.59% | -3.13% | -5.52% | 7.39% | 1.08% | 1.03% | 3.65% | 2.63% | 8.08% | 8.83% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,245,000K ÷ $25,467,000K
= 4.89%
Molson Coors Beverage Company's pretax margin has shown significant fluctuations over the past eight quarters. In Q4 2023, the company's pretax margin improved to 10.70%, reflecting a strong profitability performance. This is a notable improvement compared to the previous quarter, Q3 2023, where the pretax margin was 4.54%.
The Q4 2023 pretax margin also stands out compared to Q2 2023 and Q1 2023, where the company experienced lower pretax margins of 2.26% and -1.23% respectively. It is important to note that in Q1 2023, Molson Coors Beverage Company reported a negative pretax margin, which indicates that the company's expenses exceeded its revenue before accounting for taxes.
Comparing the recent performance to the same quarter last year, Q4 2022, when the company had a pretax margin of -0.58%, the improvement is particularly significant. However, it is still below the levels seen in Q2 2022 and Q1 2022, where the pretax margins were 7.74% and 12.14% respectively.
Overall, Molson Coors Beverage Company's pretax margin has shown variability in recent quarters, with Q4 2023 standing out as a particularly strong period in terms of profitability. Continued monitoring of the company's financial performance will be crucial to assess its long-term profitability trends.
Peer comparison
Dec 31, 2023