Willscot Mobile Mini Holdings Corp A (WSC)
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 | 36,604 | 468,419 | 365,204 | 209,690 | 20,428 |
| Revenue | US$ in thousands | 2,395,720 | 2,364,770 | 2,142,620 | 1,894,900 | 1,367,640 |
| Pretax margin | 1.53% | 19.81% | 17.04% | 11.07% | 1.49% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $36,604K ÷ $2,395,720K
= 1.53%
The pretax margin of Willscot Mobile Mini Holdings Corp A has demonstrated significant fluctuations over the analyzed period from December 31, 2020, through December 31, 2024. In 2020, the pretax margin stood at a modest 1.49%, indicating a relatively narrow profit before taxes relative to revenue, which may reflect initial year challenges or lower operational efficiency. The following year, 2021, experienced a substantial increase to 11.07%, signaling improved profitability and possibly enhanced operational performance or favorable market conditions.
This upward trend continued into 2022, with the pretax margin rising to 17.04%, further enhancing the company's profitability profile. The most pronounced growth was observed in 2023, when the pretax margin reached 19.81%, suggesting optimal operational efficiency or beneficial market factors during that period. However, in 2024, the pretax margin sharply declined to 1.53%, approaching levels similar to those observed in 2020, which may indicate a deterioration in profitability, increased expenses, or adverse market conditions impacting the company's pre-tax earnings.
Overall, the company's pretax margin over this timeframe reflects periods of strong profitability growth, notably between 2020 and 2023, followed by a sharp contraction in 2024. This pattern underscores the volatility in pretax earnings relative to revenue and highlights potential areas for operational or strategic review to sustain profitability.