YETI Holdings Inc (YETI)
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 | 225,946 | 116,177 | 268,410 | 205,201 | 67,258 |
| Revenue | US$ in thousands | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 | 913,734 |
| Pretax margin | 13.62% | 7.28% | 19.02% | 18.80% | 7.36% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $225,946K ÷ $1,658,710K
= 13.62%
YETI Holdings Inc's pretax margin has displayed fluctuating trends over the past five years, as evidenced by the following figures: 13.62% in 2023, 7.28% in 2022, 19.02% in 2021, 18.80% in 2020, and 7.36% in 2019. The pretax margin measures the company's efficiency in generating profits before considering taxes, indicating the percentage of each dollar of revenue that translates into pre-tax income. In 2021, the company achieved its highest pretax margin at 19.02%, suggesting strong operational performance and cost management. However, the pretax margin dropped significantly in 2022 to 7.28%, indicating potential challenges or inefficiencies affecting profitability that year. In 2023, the pretax margin rebounded to 13.62%, showcasing an improvement from the previous year but still below the peak level in 2021. It is essential for YETI Holdings Inc to closely monitor and analyze factors impacting its pretax margin to sustain and improve profitability over time.
Peer comparison
Dec 31, 2023