Titan International Inc (TWI)
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 | 104,802 | 199,469 | 50,735 | -53,442 | -44,950 |
| Revenue | US$ in thousands | 1,780,190 | 2,134,020 | 1,762,710 | 1,231,990 | 1,420,630 |
| Pretax margin | 5.89% | 9.35% | 2.88% | -4.34% | -3.16% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $104,802K ÷ $1,780,190K
= 5.89%
The pretax margin of Titan International, Inc. has fluctuated over the past five years. The company experienced a consistent improvement in its pretax margin from negative figures in 2019 and 2020 to positive figures in subsequent years. However, there was a significant drop in the pretax margin in 2021 compared to 2020, followed by a notable increase in 2022. In 2023, there was a decrease in the pretax margin compared to the previous year but it remained positive. This indicates that the company's ability to generate profits before tax relative to its revenue has shown some volatility in recent years, with a general trend towards improvement.
Peer comparison
Dec 31, 2023