Taylor Morn Home (TMHC)
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 | 1,017,030 | 1,389,230 | 843,767 | 318,029 | 322,010 |
| Revenue | US$ in thousands | 7,417,830 | 8,224,920 | 7,501,260 | 6,129,320 | 4,762,060 |
| Pretax margin | 13.71% | 16.89% | 11.25% | 5.19% | 6.76% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,017,030K ÷ $7,417,830K
= 13.71%
The pretax margin of Taylor Morrison Home Corp. has shown fluctuations over the past five years. The company's pretax margin decreased from 6.77% in 2019 to 5.29% in 2020, indicating a decline in profitability before tax expenses during that period. However, there was a notable improvement in 2021 as the pretax margin increased to 11.51%, suggesting a recovery in profitability.
The pretax margin further improved in 2022, reaching 16.93%, which indicated a significant increase in profitability before tax expenses. However, in 2023, the pretax margin declined to 13.72%, reflecting a slight decrease in profitability compared to the previous year.
Overall, it is essential to closely monitor Taylor Morrison Home Corp.'s pretax margin to assess the company's ability to generate profits before tax expenses efficiently and effectively manage its operational costs.
Peer comparison
Dec 31, 2023