Whirlpool Corporation (WHR)
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 | 557,000 | -1,278,000 | -1,251,000 | -1,784,000 | -1,254,000 | 744,000 | 1,119,000 | 2,128,000 | 2,301,000 | 2,486,000 | 2,448,000 | 1,820,000 | 1,455,000 | 1,132,000 | 1,270,000 | 1,420,000 | 1,532,000 | 1,463,000 | 1,009,000 | 185,000 |
| Revenue (ttm) | US$ in thousands | 18,998,000 | 17,159,000 | 17,116,000 | 17,137,000 | 17,721,000 | 20,158,000 | 20,845,000 | 21,538,000 | 21,915,000 | 21,939,000 | 21,757,000 | 20,351,000 | 19,321,000 | 18,905,000 | 19,220,000 | 20,282,000 | 20,708,000 | 20,986,000 | 20,698,000 | 20,736,000 |
| Pretax margin | 2.93% | -7.45% | -7.31% | -10.41% | -7.08% | 3.69% | 5.37% | 9.88% | 10.50% | 11.33% | 11.25% | 8.94% | 7.53% | 5.99% | 6.61% | 7.00% | 7.40% | 6.97% | 4.87% | 0.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $557,000K ÷ $18,998,000K
= 2.93%
The pretax margin of Whirlpool Corp. has shown fluctuating trends over the past eight quarters. In Q4 2023, the pretax margin stood at 2.90%, indicating that the company generated a pretax profit of 2.90% for every dollar of revenue before accounting for taxes. This represented a substantial improvement from the previous quarter, Q3 2023, when the company reported a negative pretax margin of -6.59%.
However, the company had two consecutive quarters of negative pretax margins in Q3 and Q2 2023 at -6.59% and -6.50%, respectively. This suggests that Whirlpool Corp. faced challenges in generating profits before tax during that period. The downward trend continued into Q1 2023, with a pretax margin of -9.13%.
Comparing to the same quarter in the previous year, Q4 2022 had a pretax margin of -6.32%, indicating a slight deterioration in performance year over year. The company's best performance in terms of pretax margin was recorded in Q1 2022 at 9.96%, followed by Q2 2022 at 5.36% and Q3 2022 at 3.66%.
Overall, the analysis of Whirlpool Corp.'s pretax margin reveals fluctuations in profitability over the past eight quarters, highlighting the company's varying ability to generate profits before tax during this period.
Peer comparison
Dec 31, 2023