Werner Enterprises Inc (WERN)
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 | 147,873 | 320,462 | 343,589 | 224,694 | 221,906 |
| Revenue | US$ in thousands | 3,283,500 | 3,289,980 | 2,734,370 | 2,372,180 | 2,463,700 |
| Pretax margin | 4.50% | 9.74% | 12.57% | 9.47% | 9.01% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $147,873K ÷ $3,283,500K
= 4.50%
The pretax margin of Werner Enterprises, Inc. has shown some fluctuation over the past five years. In 2023, the pretax margin decreased to 4.50% from 9.87% in 2022, marking a significant decline. This suggests that the company's profitability before taxes has decreased notably. Comparing to 2021 where the pretax margin was 12.65%, the decline is even more pronounced.
Although the pretax margin in 2023 is lower than the previous years, it is still above the level recorded in 2019 and 2020. This indicates that, despite the recent decrease, the company's performance in 2023 is relatively stronger compared to those earlier years.
Overall, the trend in Werner Enterprises, Inc.'s pretax margin reflects some variability, with a significant decline in 2023. Further analysis would be needed to understand the factors driving these changes and assess the company's financial performance more comprehensively.
Peer comparison
Dec 31, 2023