United Parcel Service Inc (UPS)
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 | 8,573,000 | 10,977,000 | 12,978,000 | 13,955,000 | 14,825,000 | 14,320,000 | 14,044,000 | 13,783,000 | 16,595,000 | 8,345,000 | 7,877,000 | 6,798,000 | 1,844,000 | 5,934,000 | 5,615,000 | 5,462,000 | 5,652,000 | 6,393,000 | 6,076,000 | 5,798,000 |
| Revenue (ttm) | US$ in thousands | 90,120,000 | 92,386,000 | 95,508,000 | 98,239,000 | 99,706,000 | 99,824,000 | 99,024,000 | 97,853,000 | 96,557,000 | 94,412,000 | 92,466,000 | 89,501,000 | 84,628,000 | 80,300,000 | 77,380,000 | 74,969,000 | 74,094,000 | 73,374,000 | 72,500,000 | 71,908,000 |
| Pretax margin | 9.51% | 11.88% | 13.59% | 14.21% | 14.87% | 14.35% | 14.18% | 14.09% | 17.19% | 8.84% | 8.52% | 7.60% | 2.18% | 7.39% | 7.26% | 7.29% | 7.63% | 8.71% | 8.38% | 8.06% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,573,000K ÷ $90,120,000K
= 9.51%
The pretax margin of United Parcel Service, Inc. has shown fluctuation over the past eight quarters. In Q4 2023, the pretax margin decreased to 9.43%, marking a decline from the previous quarter. This followed a downward trend from the peak pretax margin of 14.78% in Q4 2022. Despite the fluctuations, the company has maintained relatively healthy pretax margins above 9% throughout the period under review. The lowest pretax margin was recorded in Q4 2023, while the highest was in Q4 2022. This variability suggests that United Parcel Service, Inc. may be experiencing shifts in profitability and efficiency in its operations over the quarters analyzed.