YETI Holdings Inc (YETI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 232,848 | 225,946 | 116,177 | 268,410 | 205,201 |
| Revenue | US$ in thousands | 1,829,870 | 1,658,710 | 1,595,220 | 1,410,990 | 1,091,720 |
| Pretax margin | 12.72% | 13.62% | 7.28% | 19.02% | 18.80% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $232,848K ÷ $1,829,870K
= 12.72%
The pretax margin of YETI Holdings Inc has shown variability over the past five years. The company demonstrated a consistent increase from 18.80% in December 31, 2020, to 19.02% in December 31, 2021, indicating an improvement in profitability. However, there was a significant decrease to 7.28% by December 31, 2022, which may raise concerns about the company's cost management or operational efficiency.
YETI Holdings Inc managed to recover slightly, achieving a pretax margin of 13.62% by December 31, 2023, but it was still below the levels seen in the previous years. The most recent data point, December 31, 2024, shows a further decline to 12.72%, suggesting ongoing challenges in maintaining profitability levels.
Overall, the fluctuating trend in pretax margin for YETI Holdings Inc indicates the company's need to focus on addressing cost structures and enhancing operational effectiveness to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024