Vulcan Materials Company (VMC)
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 | 1,232,600 | 1,048,000 | 945,100 | 795,500 | 768,700 | 789,200 | 758,400 | 760,000 | 870,700 | 842,188 | 870,360 | 889,028 | 740,280 | 765,020 | 777,433 | 751,321 | 752,861 | 742,000 | 692,629 | 647,171 |
| Revenue (ttm) | US$ in thousands | 7,782,000 | 7,679,600 | 7,582,100 | 7,423,500 | 7,315,200 | 7,189,600 | 6,617,800 | 6,024,500 | 5,552,100 | 5,120,920 | 4,914,310 | 4,875,890 | 4,856,830 | 4,867,860 | 4,976,730 | 4,981,830 | 4,929,101 | 4,831,001 | 4,652,441 | 4,524,911 |
| Pretax margin | 15.84% | 13.65% | 12.46% | 10.72% | 10.51% | 10.98% | 11.46% | 12.62% | 15.68% | 16.45% | 17.71% | 18.23% | 15.24% | 15.72% | 15.62% | 15.08% | 15.27% | 15.36% | 14.89% | 14.30% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,232,600K ÷ $7,782,000K
= 15.84%
The pretax margin of Vulcan Materials Co has shown improvement in Q4 2023 compared to the previous quarters, reaching 16.00%. This indicates that the company's ability to generate profits before accounting for taxes has strengthened. The trend of increasing pretax margins over the year suggests that Vulcan Materials Co has been effectively managing its operating expenses and cost structure, leading to better profitability. However, it is essential to monitor future performance to ensure sustainable growth in pretax margin.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Vulcan Materials Company
VMC
15.84%
Knife River Corporation
KNF
8.67%
Martin Marietta Materials Inc
MLM
22.10%
MDU Resources Group Inc
MDU
9.31%