Xpel Inc (XPEL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 66,031 | 51,965 | 39,440 | 22,805 | 16,933 |
| Revenue | US$ in thousands | 395,365 | 322,029 | 258,624 | 158,362 | 129,807 |
| Pretax margin | 16.70% | 16.14% | 15.25% | 14.40% | 13.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $66,031K ÷ $395,365K
= 16.70%
The pretax margin of XPEL Inc has shown a consistent positive trend over the past five years. The company's ability to generate pretax income relative to its total revenue has been improving steadily. This indicates that XPEL Inc has been effectively managing its operating expenses and generating higher profits before taxes. The pretax margin increased from 13.05% in 2019 to 16.66% in 2023, reflecting a positive trajectory of profitability for the company. This improvement demonstrates XPEL Inc's efficiency in controlling costs and optimizing its operations, which bodes well for its overall financial performance and sustainable growth.