Exxon Mobil Corp (XOM)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 47,490,000 | 48,265,000 | 49,023,000 | 47,072,000 | 51,439,000 | 59,733,000 | 71,194,000 | 84,020,000 | 75,916,000 | 68,899,000 | 53,429,000 | 35,436,000 | 30,676,000 | -6,924,000 | -16,681,000 | -24,448,000 | -28,072,000 | 4,382,000 | 9,369,000 | 15,291,000 |
| Revenue (ttm) | US$ in thousands | 349,585,000 | 350,503,000 | 351,247,000 | 341,101,000 | 344,582,000 | 355,667,000 | 376,977,000 | 409,744,000 | 413,680,000 | 403,216,000 | 364,932,000 | 316,993,000 | 285,640,000 | 247,215,000 | 219,628,000 | 184,491,000 | 181,502,000 | 202,135,000 | 220,985,000 | 257,471,000 |
| Pretax margin | 13.58% | 13.77% | 13.96% | 13.80% | 14.93% | 16.79% | 18.89% | 20.51% | 18.35% | 17.09% | 14.64% | 11.18% | 10.74% | -2.80% | -7.60% | -13.25% | -15.47% | 2.17% | 4.24% | 5.94% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $47,490,000K ÷ $349,585,000K
= 13.58%
Exxon Mobil Corp's pretax margin witnessed fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 5.94% in March 2020 but decreased to 4.24% by June 2020, reflecting a slight decline. Subsequently, there was a notable decrease to 2.17% by September 2020, indicating a significant deterioration in profitability before sharply dropping to negative values in the last quarter of 2020 (-15.47%) and the first quarter of 2021 (-13.25%).
The trend started to reverse in the second quarter of 2021 with a less negative pretax margin of -7.60% and continued to improve over the following quarters. By December 2021, the company achieved a positive pretax margin of 10.74%, indicating a return to profitability. The positive momentum continued into 2022 and 2023 with pretax margins of 18.35% and 14.93%, respectively.
However, there was a slight decline in the pretax margin in the first quarter of 2024 to 13.80%, followed by a marginal increase to 13.96% in the second quarter of 2024. The pretax margin remained relatively stable around 13-14% in the subsequent quarters of 2024, indicating a consistent level of profitability.
Overall, Exxon Mobil Corp's pretax margin demonstrated a mix of positive and negative trends during the period under review, with significant fluctuations before stabilizing around the 13-14% range in the latter quarters of 2024.
Peer comparison
Dec 31, 2024