World Kinect Corporation (WKC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 95,000 | 65,900 | 143,300 | 99,500 | 161,700 |
| Revenue | US$ in thousands | 42,168,000 | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 |
| Pretax margin | 0.23% | 0.14% | 0.24% | 0.32% | 0.79% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $95,000K ÷ $42,168,000K
= 0.23%
The pretax margin of World Kinect Corporation has experienced a gradual decline over the past five years, decreasing from 0.79% in December 31, 2020, to 0.23% in December 31, 2024. This downward trend suggests that the company's profitability before taxes has weakened over the period, indicating potential challenges in cost management or revenue generation. It is important for the company to closely examine its cost structure and revenue streams to enhance efficiency and improve overall financial performance in the future.