Yelp Inc (YELP)
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 | 105,082 | 66,778 | 33,718 | -35,125 | 49,767 |
| Revenue | US$ in thousands | 1,350,660 | 1,205,530 | 1,040,560 | 880,779 | 1,018,980 |
| Pretax margin | 7.78% | 5.54% | 3.24% | -3.99% | 4.88% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $105,082K ÷ $1,350,660K
= 7.78%
The pretax margin of Yelp Inc has shown a positive trend over the past five years, reflecting the company's ability to manage its expenses and generate higher operating profits before taxes. The pretax margin increased from -4.02% in 2020 to 7.86% in 2023, indicating a significant improvement in the company's profitability. This upward trend suggests that Yelp Inc has been able to control its costs effectively while also increasing its revenue generation. Overall, the positive pretax margin trend demonstrates the company's strengthening financial performance and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2023