Tootsie Roll Industries Inc (TR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 126,871 | 119,894 | 98,141 | 85,729 | 76,262 |
| Revenue | US$ in thousands | 723,217 | 769,365 | 681,440 | 566,043 | 471,063 |
| Pretax margin | 17.54% | 15.58% | 14.40% | 15.15% | 16.19% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $126,871K ÷ $723,217K
= 17.54%
Tootsie Roll Industries Inc's pretax margin has shown some fluctuations over the years, ranging from 14.40% in December 31, 2022, to a peak of 17.54% in December 31, 2024. The trend indicates variations in the company's ability to generate profits before accounting for taxes relative to its total revenue during the period under review. The pretax margin is a key measure of operational efficiency and cost management, highlighting the company's ability to control expenses and maximize profitability. Overall, the steady improvement in pretax margin from 2022 to 2024 suggests an enhanced operational performance and effective cost management strategies by Tootsie Roll Industries Inc.
Peer comparison
Dec 31, 2024