Upbound Group Inc. (UPBD)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 177,541 | 150,602 | 137,867 | 148,234 | 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 |
| Revenue (ttm) | US$ in thousands | 4,320,570 | 4,259,430 | 4,169,668 | 4,072,321 | 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 |
| Pretax margin | 4.11% | 3.54% | 3.31% | 3.64% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $177,541K ÷ $4,320,570K
= 4.11%
Upbound Group Inc.'s pretax margin has shown fluctuations over the past few years. The pretax margin measures the company's profitability before considering taxes, indicating its ability to generate earnings from its operations.
From March 31, 2020, to June 30, 2020, the pretax margin decreased from 9.70% to 6.94%. This decline suggests a decrease in profitability relative to revenue. However, the margin slightly improved in the following quarters, reaching 8.48% on September 30, 2020, and 7.92% on December 31, 2020.
Throughout 2021, the pretax margin experienced a gradual decline, falling from 7.23% on March 31, 2021, to 4.24% on December 31, 2021. This downward trend continued into 2022, with the margin decreasing to 1.45% by December 31, 2022.
In the following years, Upbound Group Inc. managed to slightly improve its pretax margin, reaching 4.11% by December 31, 2024. Despite this increase, the company's pretax margin remains below its historical highs.
Overall, Upbound Group Inc. needs to focus on enhancing operational efficiency and cost management to improve its pretax margin and sustain long-term profitability.
Peer comparison
Dec 31, 2024