Xpel Inc (XPEL)
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 | 56,778 | 66,031 | 51,965 | 39,440 | 22,804 |
| Revenue | US$ in thousands | 420,400 | 396,293 | 323,993 | 259,263 | 158,924 |
| Pretax margin | 13.51% | 16.66% | 16.04% | 15.21% | 14.35% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $56,778K ÷ $420,400K
= 13.51%
Based on the data provided, Xpel Inc's pretax margin has shown a generally positive trend over the period from December 31, 2020, to December 31, 2024. The pretax margin increased from 14.35% in 2020 to 16.66% in 2023, indicating an improvement in the company's ability to generate profits before considering taxes.
However, there was a slight decrease in the pretax margin to 13.51% in 2024. This decline may suggest a potential decrease in profitability relative to the previous year, which could be attributed to various factors such as increased operating expenses, changes in revenue, or other financial challenges.
Overall, the pretax margin trend reflects an initial improvement followed by a slight decline in the company's profitability over the period under analysis. Continued monitoring and further analysis of the company's financial performance are advisable to assess the factors influencing these fluctuations and to make informed decisions regarding its financial health.