Upbound Group Inc. (UPBD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 177,541 | 52,867 | 61,471 | 194,304 | 222,779 |
| Revenue | US$ in thousands | 4,320,560 | 3,992,410 | 4,245,390 | 4,583,450 | 2,814,190 |
| Pretax margin | 4.11% | 1.32% | 1.45% | 4.24% | 7.92% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $177,541K ÷ $4,320,560K
= 4.11%
The pretax margin of Upbound Group Inc. has shown a declining trend over the past five years, starting with a relatively healthy figure of 7.92% on December 31, 2020, before decreasing to 4.24% by the end of 2021. The trend continued downwards in the subsequent years, with pretax margins of 1.45% on December 31, 2022, and 1.32% on December 31, 2023. However, there was a slight improvement in the company's performance by the end of 2024, with the pretax margin rising to 4.11%, albeit still below the initial level in 2020. Overall, this downward trend in pretax margin may indicate challenges in managing costs or generating sufficient revenue to cover operating expenses before accounting for taxes. Further analysis of the company's cost structure and revenue streams may be necessary to determine the underlying reasons for this trend.
Peer comparison
Dec 31, 2024