Weatherford International PLC (WFRD)
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 | 474,000 | 113,000 | -364,000 | -1,836,000 | 3,819,000 |
| Revenue | US$ in thousands | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 | 4,954,000 |
| Pretax margin | 9.44% | 2.61% | -9.99% | -49.82% | 77.09% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $474,000K ÷ $5,023,000K
= 9.44%
Weatherford International plc's pretax margin has shown significant improvement over the past three years. In 2023, the pretax margin increased sharply to 9.85%, indicating that the company's profitability before taxes has strengthened. This growth is particularly noteworthy when compared to the much lower pretax margins of 3.19% in 2022 and -9.41% in 2021.
The positive trend in pretax margin suggests that Weatherford International plc has effectively managed its cost structure, increased operational efficiency, or enhanced revenue generation. The company's ability to generate higher pretax margins reflects a healthier financial performance and reinforces investor confidence in its profitability prospects. Overall, the upward trajectory in the pretax margin indicates improving financial health and operational effectiveness for Weatherford International plc.
Peer comparison
Dec 31, 2023