Wingstop Inc (WING)

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	94,310	69,316	58,907	26,943	25,765
Revenue	US$ in thousands	460,055	357,521	282,502	248,811	199,676
Pretax margin		20.50%	19.39%	20.85%	10.83%	12.90%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $94,310K ÷ $460,055K
= 20.50%

Wingstop Inc's pretax margin has shown some variability over the past five years. The company's pretax margin was 20.50% in 2023, which represents a slight improvement compared to 19.39% in 2022. The highest pretax margin during this period was 20.85% in 2021, indicating strong profitability levels. However, there was a notable decrease in 2020 when the pretax margin dropped to 10.83%, before recovering to 12.90% in 2019. Overall, Wingstop Inc has generally maintained healthy pretax margins, with 2021 standing out as a particularly strong year in terms of profitability before experiencing some fluctuations in subsequent years.