Weatherford International PLC (WFRD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 695,000 | 474,000 | 113,000 | -364,000 | -1,836,000 |
| Revenue | US$ in thousands | 5,505,000 | 5,023,000 | 4,331,000 | 3,645,000 | 3,685,000 |
| Pretax margin | 12.62% | 9.44% | 2.61% | -9.99% | -49.82% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $695,000K ÷ $5,505,000K
= 12.62%
The pretax margin of Weatherford International PLC has exhibited a fluctuating trend over the past five years. Starting at a significantly negative level of -49.82% as of December 31, 2020, the company's performance showed improvement in the subsequent years. By the end of December 31, 2021, the pretax margin had decreased to a still negative rate of -9.99%. However, the company managed to turn the situation around in the following years, achieving positive pretax margins of 2.61% by December 31, 2022, 9.44% by December 31, 2023, and a notable 12.62% by the end of December 31, 2024.
This upward trend in pretax margin indicates an enhancement in Weatherford International PLC's overall cost management and operational efficiency. The company successfully navigated from a position of operating losses to profitability within a relatively short period. It suggests that the company has implemented effective strategic measures to control costs, optimize its revenue generation, and enhance its overall financial performance.
Peer comparison
Dec 31, 2024