Tempur Sealy International Inc (TPX)
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 | 471,500 | 574,700 | 822,800 | 451,400 | 264,200 |
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Pretax margin | 9.57% | 11.68% | 16.69% | 12.28% | 8.51% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $471,500K ÷ $4,925,400K
= 9.57%
The pretax margin of Tempur Sealy International Inc has shown variability over the past five years. It decreased from 16.71% in 2021 to 12.30% in 2020 before increasing to 11.73% in 2022 and then to 9.63% in 2023. This indicates fluctuations in the company's ability to generate profit before tax relative to its revenue during this period. It is important for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability trends.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Tempur Sealy International Inc
TPX
9.57%
La-Z-Boy Incorporated
LZB
8.00%
Leggett & Platt Incorporated
LEG
-3.74%