YETI Holdings Inc (YETI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 232,848 | 266,750 | 250,227 | 233,835 | 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 |
| Revenue (ttm) | US$ in thousands | 1,829,873 | 1,803,126 | 1,758,247 | 1,697,311 | 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 |
| Pretax margin | 12.72% | 14.79% | 14.23% | 13.78% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $232,848K ÷ $1,829,873K
= 12.72%
The pretax margin of YETI Holdings Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The pretax margin increased steadily from 8.11% in March 2020 to a peak of 20.28% in June 2021. However, after reaching this peak, the pretax margin started to decline gradually, with a slight decrease to 12.72% by December 31, 2024.
Overall, YETI Holdings Inc has demonstrated a strong pretax margin performance, maintaining double-digit margin levels for most of the period under review. The company's ability to sustain relatively high pretax margins indicates efficient cost management and profitability levels in its operations. However, the recent decline in pretax margin towards the end of the period may warrant further analysis to understand the factors contributing to this trend.
Peer comparison
Dec 31, 2024