Weatherford International PLC (WFRD)
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 | 474,000 | 425,000 | 323,000 | 275,000 | 113,000 | -121,000 | -242,000 | -323,000 | -364,000 | -402,000 | -501,000 | -1,007,000 | -1,836,000 | 3,690,000 | 3,066,000 | 3,352,000 | 3,805,000 | -3,691,000 | -3,078,000 | -3,033,000 |
| Revenue (ttm) | US$ in thousands | 5,023,000 | 4,982,000 | 4,789,000 | 4,579,000 | 4,331,000 | 4,087,000 | 3,912,000 | 3,751,000 | 3,645,000 | 2,718,000 | 3,357,000 | 4,096,000 | 4,479,000 | 5,656,000 | 5,386,000 | 5,053,000 | 5,184,000 | 5,315,000 | 5,445,000 | 5,584,000 |
| Pretax margin | 9.44% | 8.53% | 6.74% | 6.01% | 2.61% | -2.96% | -6.19% | -8.61% | -9.99% | -14.79% | -14.92% | -24.58% | -40.99% | 65.24% | 56.93% | 66.34% | 73.40% | -69.44% | -56.53% | -54.32% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $474,000K ÷ $5,023,000K
= 9.44%
The pretax margin of Weatherford International plc has shown a generally positive trend over the past eight quarters. The company's pretax margin has steadily improved from negative figures in Q2 2022 to 9.85% in Q4 2023. This upward trend indicates that the company has been able to increase its profitability before accounting for taxes. The improvement may be attributed to cost-cutting measures, operational efficiencies, or an increase in revenue generation. Overall, the consistent improvement in pretax margin reflects positively on Weatherford International plc's financial performance and management effectiveness in recent quarters.
Peer comparison
Dec 31, 2023