Xpel Inc (XPEL)
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 | 56,779 | 60,274 | 58,798 | 60,100 | 66,033 | 62,024 | 61,422 | 56,571 | 51,965 | 49,443 | 43,071 | 40,792 | 39,440 | 38,682 | 36,855 | 29,226 | 22,805 | 20,515 | 17,678 | 16,562 |
| Revenue (ttm) | US$ in thousands | 420,400 | 418,411 | 408,236 | 400,556 | 396,294 | 369,237 | 356,318 | 337,971 | 323,993 | 315,644 | 294,415 | 279,261 | 259,263 | 237,738 | 215,332 | 182,402 | 158,924 | 149,812 | 139,307 | 133,595 |
| Pretax margin | 13.51% | 14.41% | 14.40% | 15.00% | 16.66% | 16.80% | 17.24% | 16.74% | 16.04% | 15.66% | 14.63% | 14.61% | 15.21% | 16.27% | 17.12% | 16.02% | 14.35% | 13.69% | 12.69% | 12.40% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $56,779K ÷ $420,400K
= 13.51%
The pretax margin of Xpel Inc has shown a generally upward trend from March 2020 to December 2023, peaking at 17.24% in June 2023. This indicates that the company was able to effectively manage operating expenses relative to its revenue during this period.
However, there was a slight decline in pretax margin in the latter part of 2023, reaching 16.66% by December 2023, and a more significant decrease to 15.00% by March 2024. This suggests that Xpel Inc may have experienced challenges in controlling expenses or maintaining revenue growth during this period.
The company made a slight recovery in the next quarter, with the pretax margin increasing to 14.40% by June 2024, but remained relatively flat in the following quarters, hovering around the 14% mark.
Overall, Xpel Inc's pretax margin has demonstrated fluctuations over the analyzed period, with some periods of improvement followed by slight declines. It would be important for the company to carefully monitor and manage its costs to sustain healthy profit margins in the future.