Upbound Group Inc. (UPBD)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 52,867 | 41,363 | 24,276 | 6,560 | 61,471 | 63,729 | 89,991 | 137,035 | 194,304 | 227,589 | 263,983 | 227,594 | 222,779 | 234,484 | 187,526 | 259,521 | 265,752 | 205,802 | 191,252 | 86,065 |
| Revenue (ttm) | US$ in thousands | 3,992,411 | 3,964,780 | 4,009,642 | 4,101,739 | 4,245,399 | 4,426,370 | 4,583,680 | 4,706,400 | 4,583,460 | 4,128,521 | 3,659,266 | 3,149,032 | 2,814,191 | 2,765,562 | 2,702,918 | 2,675,097 | 2,669,852 | 2,663,740 | 2,659,311 | 2,659,116 |
| Pretax margin | 1.32% | 1.04% | 0.61% | 0.16% | 1.45% | 1.44% | 1.96% | 2.91% | 4.24% | 5.51% | 7.21% | 7.23% | 7.92% | 8.48% | 6.94% | 9.70% | 9.95% | 7.73% | 7.19% | 3.24% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $52,867K ÷ $3,992,411K
= 1.32%
The pretax margin of Upbound Group Inc. has displayed some fluctuations over the recent quarters. The trend indicates a decline in the pretax margin from the first quarter of 2021 to the first quarter of 2023, with a peak at 9.95% in the fourth quarter of 2020. This decline may raise concerns about the company's ability to control costs or maintain profitability before accounting for taxes. However, it's worth noting that the pretax margin increased slightly in the most recent quarter, reaching 1.32%, which could signal a potential reversal in the downward trend. Further analysis of the company's cost structure, revenue streams, and operational efficiency would be necessary to fully understand the drivers behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023