Olympic Steel Inc (ZEUS)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 61,613 | 56,810 | 55,942 | 85,980 | 123,609 | 162,186 | 206,357 | 195,227 | 174,017 | 134,367 | 72,014 | 22,163 | -6,950 | -12,015 | -8,904 | 3,205 | 5,256 | 5,032 | 19,749 | 38,598 |
| Revenue (ttm) | US$ in thousands | 2,158,415 | 2,188,626 | 2,296,673 | 2,436,607 | 2,562,123 | 2,666,666 | 2,700,688 | 2,547,576 | 2,312,156 | 2,019,138 | 1,650,603 | 1,342,836 | 1,234,034 | 1,222,227 | 1,306,544 | 1,487,405 | 1,579,022 | 1,688,872 | 1,761,623 | 1,785,395 |
| Pretax margin | 2.85% | 2.60% | 2.44% | 3.53% | 4.82% | 6.08% | 7.64% | 7.66% | 7.53% | 6.65% | 4.36% | 1.65% | -0.56% | -0.98% | -0.68% | 0.22% | 0.33% | 0.30% | 1.12% | 2.16% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $61,613K ÷ $2,158,415K
= 2.85%
The pretax margin of Olympic Steel Inc. has exhibited a declining trend over the past four quarters, with Q1 2023 showing the highest pretax margin of 3.53% and Q4 2023 reporting the lowest at 2.85%. This indicates that the company's profitability before taxes has been decreasing recently. It is important for the company to closely monitor and assess its cost structure, revenue streams, and operational efficiencies to reverse this trend and improve overall profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Olympic Steel Inc
ZEUS
2.85%
Reliance Steel & Aluminum Co
RS
11.73%