TRI Pointe Homes Inc (TPH)
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 | 461,866 | 766,863 | 625,662 | 373,377 | 271,087 |
| Revenue | US$ in thousands | 3,715,200 | 4,348,530 | 3,982,240 | 3,260,450 | 3,083,020 |
| Pretax margin | 12.43% | 17.63% | 15.71% | 11.45% | 8.79% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $461,866K ÷ $3,715,200K
= 12.43%
The pretax margin of Tri Pointe Homes Inc. has shown a fluctuating trend over the past five years, ranging from 8.79% in 2019 to 17.78% in 2022. The company's pretax margin was 12.58% in 2023, which is a decrease from the previous year. This indicates that the company's ability to generate profit before considering taxes relative to its total revenue declined in 2023 compared to 2022. While the pretax margin can vary due to factors such as operating efficiency, cost control measures, and changes in revenue, further analysis of the company's financial performance and business operations is recommended to understand the reasons behind this fluctuation.
Peer comparison
Dec 31, 2023