Trinity Industries Inc (TRN)
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 | 115,000 | 87,700 | 197,900 | -421,400 | 196,400 |
| Revenue | US$ in thousands | 2,983,300 | 1,977,300 | 1,516,000 | 1,749,700 | 2,752,400 |
| Pretax margin | 3.85% | 4.44% | 13.05% | -24.08% | 7.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $115,000K ÷ $2,983,300K
= 3.85%
Trinity Industries, Inc.'s pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin decreased to 4.99% from 6.40% in 2022, indicating a decline in the profitability of the company before accounting for taxes. The pretax margin in 2021 was 3.64%, lower than the preceding year, showing a slight decrease in profitability.
A notable anomaly was observed in 2020, where the pretax margin was negative (-24.73%). This suggests that the company incurred significant losses before accounting for taxes during that year.
In 2019, the pretax margin stood at 6.68%, exhibiting a positive trend compared to the following years. Overall, Trinity Industries, Inc.'s pretax margin has been volatile, with fluctuations in profitability levels over the past five years.
Peer comparison
Dec 31, 2023