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Summit Materials (LTS:0LAI) Pretax Margin % : -9.73% (As of Mar. 2024)


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What is Summit Materials Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Summit Materials's Pre-Tax Income for the three months ended in Mar. 2024 was $-78 Mil. Summit Materials's Revenue for the three months ended in Mar. 2024 was $805 Mil. Therefore, Summit Materials's pretax margin for the quarter that ended in Mar. 2024 was -9.73%.

The historical rank and industry rank for Summit Materials's Pretax Margin % or its related term are showing as below:

LTS:0LAI' s Pretax Margin % Range Over the Past 10 Years
Min: -8.19   Med: 4.05   Max: 15.06
Current: 11.84


LTS:0LAI's Pretax Margin % is ranked better than
66.84% of 383 companies
in the Building Materials industry
Industry Median: 7.01 vs LTS:0LAI: 11.84

Summit Materials Pretax Margin % Historical Data

The historical data trend for Summit Materials's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Materials Pretax Margin % Chart

Summit Materials Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.52 5.53 8.24 14.98 15.06

Summit Materials Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.65 14.70 32.29 10.35 -9.73

Competitive Comparison of Summit Materials's Pretax Margin %

For the Building Materials subindustry, Summit Materials's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Summit Materials's Pretax Margin % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Summit Materials's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Summit Materials's Pretax Margin % falls into.



Summit Materials Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Summit Materials's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=394.464/2619.468
=15.06 %

Summit Materials's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-78.335/805.015
=-9.73 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Summit Materials  (LTS:0LAI) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Summit Materials Pretax Margin % Related Terms

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Summit Materials (LTS:0LAI) Business Description

Traded in Other Exchanges
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (LTS:0LAI) Headlines

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