Whirlpool Corporation (WHR)
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 | 558,000 | -1,254,000 | 2,301,000 | 1,457,000 | 1,516,000 |
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Pretax margin | 2.94% | -7.08% | 10.50% | 7.56% | 7.33% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $558,000K ÷ $18,998,000K
= 2.94%
The pretax margin of Whirlpool Corp. has shown fluctuations over the past five years. In 2023, the pretax margin improved to 2.90% compared to a negative figure of -6.32% in 2022. This signifies a positive turnaround in the company's financial performance, indicating better cost management or increased revenue generation.
However, when compared to 2021 and 2020 with pretax margins of 10.57% and 7.48% respectively, the current pretax margin of 2.90% appears relatively lower. Additionally, it is slightly below the pretax margin of 7.60% recorded in 2019.
Overall, the trend in Whirlpool Corp.'s pretax margin indicates variability in profitability over the years, underscoring the importance of sustained efforts in operational efficiency and revenue growth strategies to maintain and improve financial performance.
Peer comparison
Dec 31, 2023