Wabash National Corporation (WNC)
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 | 294,082 | 145,923 | 1,290 | -109,214 | 117,731 |
| Revenue | US$ in thousands | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 | 2,319,140 |
| Pretax margin | 11.59% | 5.83% | 0.07% | -7.37% | 5.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $294,082K ÷ $2,536,500K
= 11.59%
The pretax margin of Wabash National Corp. has shown varying trends over the past five years. In 2023, the company's pretax margin improved significantly to 11.62%, more than doubling from the previous year. This indicates that the company was more efficient in generating profits before accounting for taxes in 2023.
The pretax margin was also positive in 2022 at 5.85%, showing a moderate increase compared to 2021's almost breakeven margin of 0.07%. The company managed to reverse the negative trend observed in 2020 when the pretax margin was -7.37%, which indicated that the company was incurring losses before tax that year.
The positive pretax margin observed in 2019 at 5.08% reflected the company's ability to generate profits before tax that year. Overall, the significant improvement in the pretax margin in 2023 compared to the previous years suggests that Wabash National Corp. has been able to enhance its operational efficiency and profitability levels.