Exxon Mobil Corp (XOM)
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 | 47,490,000 | 51,439,000 | 75,916,000 | 30,676,000 | -28,072,000 |
| Revenue | US$ in thousands | 349,585,000 | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 |
| Pretax margin | 13.58% | 14.93% | 18.35% | 10.74% | -15.47% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $47,490,000K ÷ $349,585,000K
= 13.58%
Exxon Mobil Corp's pretax margin has displayed fluctuations over the past five years. The margin was negative at -15.47% as of December 31, 2020, indicating the company incurred losses before taxes during that period. However, there has been a positive turnaround in the subsequent years, with the pretax margin improving to 10.74% as of December 31, 2021, and further increasing to 18.35% as of December 31, 2022.
The pretax margin saw a slight decline to 14.93% by December 31, 2023, and further decreased to 13.58% by December 31, 2024. Despite the fluctuations, the positive trend in recent years suggests improved profitability before taxes for Exxon Mobil Corp. It would be essential for management to continue monitoring and managing expenses and revenue generation to sustain or improve the pretax margin in the future.
Peer comparison
Dec 31, 2024