US Foods Holding Corp (USFD)
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 | 678,000 | 605,000 | 630,000 | 483,000 | 361,000 | 323,000 | 260,000 | 241,000 | 214,000 | 100,000 | 30,000 | -164,000 | -294,000 | -148,000 | -24,000 | 248,000 | 511,000 | 522,000 | 517,000 | 524,000 |
| Revenue (ttm) | US$ in thousands | 35,334,000 | 34,920,000 | 34,768,000 | 34,604,000 | 33,806,000 | 32,948,000 | 31,936,000 | 30,778,000 | 29,252,000 | 27,747,000 | 25,692,000 | 22,580,000 | 22,648,000 | 23,445,000 | 24,148,000 | 26,052,000 | 25,755,000 | 24,877,000 | 24,499,940 | 30,367,940 |
| Pretax margin | 1.92% | 1.73% | 1.81% | 1.40% | 1.07% | 0.98% | 0.81% | 0.78% | 0.73% | 0.36% | 0.12% | -0.73% | -1.30% | -0.63% | -0.10% | 0.95% | 1.98% | 2.10% | 2.11% | 1.73% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $678,000K ÷ $35,334,000K
= 1.92%
The pretax margin of US Foods Holding Corp has shown a fluctuating trend over the past several quarters. Despite some variability, there seems to be a general upward trend in the pretax margin from negative figures in early 2021 to positive figures in late 2023.
In the most recent quarter, the pretax margin stood at 1.92%, showing a gradual improvement from the previous quarters. The pretax margin for the company has increased steadily from 0.36% in the third quarter of 2021 to the current level.
While the pretax margin has shown improvement, it is important to note that the margins are relatively low, indicating that the company's profitability before taxes is still modest. It would be crucial for US Foods Holding Corp to continue monitoring and improving its operational efficiency and cost management to sustain and enhance its profitability going forward.
Peer comparison
Dec 31, 2023