Cactus Inc (WHD)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 299,276 302,374 310,017 271,387 262,376 231,990 199,054 201,005 176,552 155,353 122,259 93,843 75,145 55,946 46,388 40,667 70,185 103,165 140,310 181,445
Revenue (ttm) US$ in thousands 1,129,814 1,132,559 1,127,248 1,142,678 1,096,960 1,009,868 906,479 770,875 688,369 630,511 561,393 500,071 438,589 376,763 321,189 278,844 348,566 420,714 521,733 623,678
Pretax margin 26.49% 26.70% 27.50% 23.75% 23.92% 22.97% 21.96% 26.07% 25.65% 24.64% 21.78% 18.77% 17.13% 14.85% 14.44% 14.58% 20.14% 24.52% 26.89% 29.09%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $299,276K ÷ $1,129,814K
= 26.49%

The pretax margin of Cactus Inc has shown fluctuations over the period under review, ranging from a high of 29.09% on March 31, 2020, to a low of 14.44% on June 30, 2021. There was a general downward trend observed in the pretax margin from the initial period to mid-2021, demonstrating potential inefficiencies in cost management or declines in revenue generation. However, there has been a recovery in the pretax margin since then, with an upward trend observed from June 30, 2021, to December 31, 2024, peaking at 27.50%.

Overall, the pretax margin of Cactus Inc has displayed some volatility but has shown resilience and improvement in recent periods, indicating potential efforts to enhance operational efficiency and profitability. Further analysis of the company's cost structure and revenue streams could provide insights into the factors driving these fluctuations and trends in the pretax margin.