Ufp Industries Inc (UFPI)

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 671,096 922,503 709,612 333,879 237,920
Revenue US$ in thousands 7,218,380 9,626,740 8,636,130 5,154,000 4,416,010
Pretax margin 9.30% 9.58% 8.22% 6.48% 5.39%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $671,096K ÷ $7,218,380K
= 9.30%

The pretax margin of Ufp Industries Inc has shown an upward trend over the past five years, increasing from 5.39% in 2019 to 9.30% in 2023. This indicates that the company has been able to effectively control its operating expenses relative to its revenue, resulting in a higher percentage of income before taxes. The consistent improvement in pretax margins reflects positively on the company's operational efficiency and profitability as it has been able to generate more profit from its operations over time. This trend suggests that Ufp Industries Inc has been successful in managing costs and enhancing its overall financial performance.