Xpel Inc (XPEL)
Pretax margin
| 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 | 66,032 | 62,023 | 61,421 | 56,570 | 51,965 | 49,443 | 43,071 | 40,792 | 39,439 | 38,683 | 36,856 | 29,227 | 22,806 | 20,507 | 17,664 | 16,546 |
| Revenue (ttm) | US$ in thousands | 395,362 | 367,671 | 354,472 | 335,716 | 322,032 | 313,502 | 292,841 | 278,485 | 258,608 | 237,501 | 215,221 | 182,193 | 158,356 | 149,325 | 138,728 | 133,070 |
| Pretax margin | 16.70% | 16.87% | 17.33% | 16.85% | 16.14% | 15.77% | 14.71% | 14.65% | 15.25% | 16.29% | 17.12% | 16.04% | 14.40% | 13.73% | 12.73% | 12.43% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $66,032K ÷ $395,362K
= 16.70%
The pretax margin of XPEL Inc has shown a generally positive trend over the past eight quarters, reflecting the company's ability to generate earnings before taxes relative to its total revenue. The pretax margin has increased from 14.61% in Q1 2022 to 17.24% in Q2 2023, indicating an improvement in the company's operational efficiency and cost management over time.
Although there were fluctuations in the pretax margin from quarter to quarter, the overall upward trend suggests that XPEL Inc has been successful in controlling its costs and maximizing profitability. It is worth noting that the company achieved its highest pretax margin in Q2 2023 at 17.24%, demonstrating a strong performance in terms of generating profits before accounting for taxes. Continued focus on cost control and revenue optimization may further enhance the company's pretax margin in the future.