Tempur Sealy International Inc (TPX)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 456,800 | 497,700 | 521,400 | 515,700 | 574,700 | 691,700 | 754,000 | 820,600 | 822,800 | 766,700 | 692,300 | 539,200 | 451,400 | 339,400 | 277,100 | 302,100 | 264,200 | 229,600 | 188,100 | 162,300 |
| Revenue (ttm) | US$ in thousands | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 | 2,910,800 | 2,819,300 | 2,766,200 |
| Pretax margin | 9.27% | 10.07% | 10.54% | 10.55% | 11.68% | 13.58% | 14.59% | 16.01% | 16.69% | 16.57% | 15.73% | 13.83% | 12.28% | 9.72% | 8.71% | 9.33% | 8.51% | 7.89% | 6.67% | 5.87% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $456,800K ÷ $4,925,400K
= 9.27%
Tempur Sealy International Inc's pretax margin has shown a decreasing trend over the past few quarters from 16.03% in Q1 2022 to 9.63% in Q4 2023. This decline may indicate challenges in maintaining profitability before taxes, potentially due to factors such as increasing operating expenses or declining revenues. It is important for the company to closely monitor and address the drivers behind this decline to sustain its financial performance in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Tempur Sealy International Inc
TPX
9.27%
La-Z-Boy Incorporated
LZB
8.00%
Leggett & Platt Incorporated
LEG
-3.71%