Upbound Group Inc. (UPBD)

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	52,867	61,471	194,304	222,779	223,783
Revenue	US$ in thousands	3,992,410	4,245,390	4,583,450	2,814,190	2,669,850
Pretax margin		1.32%	1.45%	4.24%	7.92%	8.38%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $52,867K ÷ $3,992,410K
= 1.32%

The pretax margin of Upbound Group Inc. has shown a decreasing trend over the past five years, declining from 8.38% in 2019 to 1.32% in 2023. This indicates that the company's profitability before accounting for taxes has been decreasing over time. The decreasing pretax margin could be a cause for concern as it may suggest challenges in managing costs, pricing strategies, or revenue generation. Further analysis of the company's financial performance and factors affecting the pretax margin would be beneficial to understand the underlying reasons for this trend and to devise strategies for improvement.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Upbound Group Inc.

UPBD

1.32%

Air Lease Corporation