Wolverine World Wide Inc (WWW)
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 | 61,600 | -134,200 | -252,900 | 80,300 | -184,100 |
| Revenue | US$ in thousands | 1,755,000 | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 |
| Pretax margin | 3.51% | -5.98% | -9.42% | 3.33% | -10.28% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $61,600K ÷ $1,755,000K
= 3.51%
The pretax margin of Wolverine World Wide Inc has shown variability over the five-year period from December 31, 2020, to December 31, 2024.
- In 2020, the company had a negative pretax margin of -10.28%, indicating that for every dollar of revenue generated, the company incurred more than it earned in income before taxes.
- By the end of 2021, the pretax margin improved significantly to 3.33%, reflecting a turnaround in the company's profitability as it generated a positive margin.
- However, in 2022, the pretax margin decreased to -9.42%, signaling a decline in profitability compared to the previous year.
- The trend continued in 2023, with a pretax margin of -5.98%, although there was a slight improvement compared to 2022.
- Finally, as of December 31, 2024, Wolverine World Wide Inc's pretax margin rebounded to 3.51%, surpassing the 2021 level and indicating enhanced profitability.
Overall, the pretax margin trend for Wolverine World Wide Inc suggests fluctuating profitability levels over the five-year period, with significant improvements in some years and setbacks in others. This analysis indicates the company's ability to generate earnings before taxes relative to its revenue across the years considered.
Peer comparison
Dec 31, 2024