YETI Holdings Inc (YETI)
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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 225,970 | 84,435 | 86,569 | 97,250 | 116,166 | 246,887 | 253,853 | 262,939 | 268,410 | 257,336 | 258,746 | 232,890 | 205,207 | 130,805 | 91,120 | 75,692 | 67,245 | 90,324 |
| Revenue (ttm) | US$ in thousands | 1,658,713 | 1,586,916 | 1,586,911 | 1,604,390 | 1,595,222 | 1,590,351 | 1,519,438 | 1,457,063 | 1,410,989 | 1,343,632 | 1,275,592 | 1,164,863 | 1,091,721 | 1,013,555 | 948,077 | 932,793 | 913,734 | 857,311 |
| Pretax margin | 13.62% | 5.32% | 5.46% | 6.06% | 7.28% | 15.52% | 16.71% | 18.05% | 19.02% | 19.15% | 20.28% | 19.99% | 18.80% | 12.91% | 9.61% | 8.11% | 7.36% | 10.54% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $225,970K ÷ $1,658,713K
= 13.62%
The pretax margin of YETI Holdings Inc has displayed fluctuations over the past several quarters. The trend shows that the pretax margin has been fluctuating between 5.32% and 20.28% over the last few years. The highest pretax margin was observed in the second quarter of 2021 at 20.28%, followed closely by the first quarter of 2022 at 19.99%.
However, in more recent quarters, the pretax margin has experienced a decrease, with the most recent figure standing at 13.62% as of December 31, 2023. This indicates a decline in profitability before taxes compared to the earlier periods.
It is essential for investors and stakeholders to continue monitoring the pretax margin closely to assess the company's efficiency in generating profits relative to its revenue. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors influencing the fluctuations in the pretax margin of YETI Holdings Inc.
Peer comparison
Dec 31, 2023