Gentherm Inc (THRM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 102,265 | 54,954 | 38,382 | 113,852 | 81,556 |
| Revenue | US$ in thousands | 1,452,030 | 1,447,650 | 1,192,770 | 1,044,070 | 902,575 |
| Pretax margin | 7.04% | 3.80% | 3.22% | 10.90% | 9.04% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $102,265K ÷ $1,452,030K
= 7.04%
The pretax margin of Gentherm Inc, a key indicator of operational efficiency and profitability before accounting for taxes, has fluctuated over the past five years. In December 2020, the pretax margin stood at 9.04%, reflecting a respectable level of profitability. It then saw a notable improvement by the end of 2021, reaching 10.90%, indicating enhanced operational performance.
However, in subsequent years, the pretax margin experienced a decline. By the end of 2022, it dropped to 3.22%, which is a significant decrease compared to previous years. The trend persisted in 2023, with the pretax margin slightly increasing to 3.80%, but still remaining at a relatively lower level.
The most recent data from December 2024 shows a recovery in the pretax margin to 7.04%, indicating a partial rebound from the lower levels observed in the previous two years. It is essential for Gentherm Inc to closely monitor and analyze the factors influencing these fluctuations in the pretax margin to sustain and enhance its profitability going forward.
Peer comparison
Dec 31, 2024