Viad Corp (VVI)
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 | 34,816 | 33,193 | -94,443 | -359,848 | 24,541 |
| Revenue | US$ in thousands | 1,206,610 | 1,135,550 | 488,274 | 412,106 | 1,358,970 |
| Pretax margin | 2.89% | 2.92% | -19.34% | -87.32% | 1.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $34,816K ÷ $1,206,610K
= 2.89%
Viad Corp.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin improved to 3.48% from 3.07% in 2022. However, in 2021, the company experienced a significant decline in pretax margin, reaching -18.74%. This negative performance followed a steep decrease in 2020 with a pretax margin of -86.86%. Prior to these challenging years, Viad Corp. had a pretax margin of 1.90% in 2019. The improvement in the pretax margin from 2021 to 2023 suggests that the company may have implemented measures to enhance profitability, but it is important for stakeholders to closely monitor the trend in the coming years.
Peer comparison
Dec 31, 2023