US Foods Holding Corp (USFD)

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	678,000	361,000	214,000	-294,000	511,000
Revenue	US$ in thousands	35,258,000	33,807,000	29,252,000	22,664,000	25,756,000
Pretax margin		1.92%	1.07%	0.73%	-1.30%	1.98%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $678,000K ÷ $35,258,000K
= 1.92%

The pretax margin of US Foods Holding Corp has varied over the past five years. In 2023, the pretax margin improved significantly to 1.92%, compared to 1.07% in 2022 and 0.73% in 2021. This indicates that the company was able to generate more profit before taxes on its sales in 2023. However, it is worth noting that in 2020, the pretax margin was negative at -1.30%, reflecting challenges faced by the company that year. Overall, the trend in the pretax margin of US Foods Holding Corp shows fluctuations but with a positive rebound in 2023 compared to the prior two years.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

US Foods Holding Corp

USFD

1.92%