TripAdvisor Inc (TRIP)
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 | 125,000 | 77,000 | 75,000 | 84,000 | 66,000 | 35,000 | -24,000 | -123,000 | -186,000 | -243,000 | -304,000 | -437,000 | -368,000 | -244,000 | -113,000 | 134,000 | 194,000 | 196,000 | 210,000 | 184,000 |
| Revenue (ttm) | US$ in thousands | 1,744,000 | 1,712,000 | 1,638,000 | 1,561,000 | 1,451,000 | 1,337,000 | 1,180,000 | 998,000 | 860,000 | 731,000 | 578,000 | 402,000 | 566,000 | 797,000 | 1,086,000 | 1,459,000 | 1,557,000 | 1,568,000 | 1,599,000 | 1,611,000 |
| Pretax margin | 7.17% | 4.50% | 4.58% | 5.38% | 4.55% | 2.62% | -2.03% | -12.32% | -21.63% | -33.24% | -52.60% | -108.71% | -65.02% | -30.61% | -10.41% | 9.18% | 12.46% | 12.50% | 13.13% | 11.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $125,000K ÷ $1,744,000K
= 7.17%
The pretax margin of TripAdvisor Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the pretax margin improved to 6.99%, indicating that the company was able to generate more profit before taxes relative to its revenue in that quarter. This improvement was significant compared to the previous quarter, Q3 2023, where the pretax margin was 4.45%.
Looking back further, the pretax margin in Q4 2022 was 4.49%, slightly lower than Q4 2023. However, Q4 2022 showed an upward trend compared to Q3 2022, where the pretax margin was 2.61%. The positive progression continued in Q2 2022, with a pretax margin of -1.88%, indicating a turnaround from negative margins.
Despite these improvements, the company faced challenges in Q1 2022, as reflected by a pretax margin of -11.72%. It is worth noting that the pretax margin has been volatile, with fluctuations both above and below the 0% mark in recent quarters.
Overall, the fluctuating pretax margin of TripAdvisor Inc. suggests varying levels of profitability and efficiency in generating earnings before accounting for taxes. Monitoring this ratio closely will be crucial for assessing the company's financial performance and its ability to effectively manage costs and revenues.
Peer comparison
Dec 31, 2023