Interface Inc (TILE)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 63,654 | 12,115 | 16,166 | 20,989 | 41,917 | 92,769 | 88,761 | 84,138 | 72,633 | 52,765 | 44,137 | 30,108 | -79,454 | -64,469 | -35,920 | -7,431 | 101,816 | 77,514 | 50,793 | 43,196 |
| Revenue (ttm) | US$ in thousands | 1,237,937 | 1,242,993 | 1,260,160 | 1,278,311 | 1,263,671 | 1,272,814 | 1,257,784 | 1,205,865 | 1,170,717 | 1,102,204 | 1,075,866 | 1,047,874 | 1,090,039 | 1,165,797 | 1,228,930 | 1,320,123 | 1,322,849 | 1,320,426 | 1,292,124 | 1,225,053 |
| Pretax margin | 5.14% | 0.97% | 1.28% | 1.64% | 3.32% | 7.29% | 7.06% | 6.98% | 6.20% | 4.79% | 4.10% | 2.87% | -7.29% | -5.53% | -2.92% | -0.56% | 7.70% | 5.87% | 3.93% | 3.53% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $63,654K ÷ $1,237,937K
= 5.14%
Interface Inc.'s pretax margin has shown significant variability over the past eight quarters. In Q4 2023, the pretax margin was at 5.05%, marking a notable increase from the previous quarter at 0.95%. However, this quarter's performance still falls below the levels seen in the same period in the prior year where it stood at 3.23%.
The recent increase in pretax margin could be attributed to various factors such as cost management initiatives, revenue growth, or a one-time gain. It is essential to monitor future quarters to determine if this improvement is sustainable or if it was a temporary anomaly.
Overall, Interface Inc.'s pretax margin trend indicates some fluctuation, highlighting the importance of a comprehensive analysis of the company's financial performance beyond a single ratio.
Peer comparison
Dec 31, 2023