Interface Inc (TILE)
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 | 63,654 | 41,917 | 72,633 | -79,420 | 101,816 |
| Revenue | US$ in thousands | 1,225,740 | 1,263,670 | 1,170,720 | 1,074,020 | 1,317,370 |
| Pretax margin | 5.19% | 3.32% | 6.20% | -7.39% | 7.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $63,654K ÷ $1,225,740K
= 5.19%
The pretax margin of Interface Inc. has fluctuated over the past five years, with a downward trend from 2019 to 2021 followed by an improvement in 2022 and a slight decrease in 2023. In 2023, the pretax margin was 5.05%, showing a moderate level of profitability. The positive pretax margins in 2022 and 2019 indicate the company's ability to generate earnings before accounting for taxes, while the negative pretax margin in 2021 suggests challenges in operating efficiency and profitability during that period. Overall, Interface Inc. should focus on maintaining or improving its pretax margin to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023