Cactus Inc (WHD)
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 | 216,707 | 141,604 | 57,268 | 45,416 | 117,632 |
| Revenue | US$ in thousands | 1,090,880 | 692,436 | 438,080 | 349,742 | 629,748 |
| Pretax margin | 19.87% | 20.45% | 13.07% | 12.99% | 18.68% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $216,707K ÷ $1,090,880K
= 19.87%
The pretax margin of Cactus Inc has exhibited fluctuating trends over the past five years. In 2023, the pretax margin decreased slightly to 19.87% from 20.45% in 2022, continuing the downward trend observed since 2021. Although the pretax margin in 2023 is lower than the previous year, it remains relatively healthy compared to the lower margins recorded in 2021 and 2020. The company's ability to generate operating profits before accounting for taxes has been somewhat inconsistent in recent years, with fluctuations that may be attributed to changing operating conditions, cost structures, or revenue streams. Further analysis and investigation into the underlying factors influencing the pretax margin shifts could provide insights into the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023