ICON (Icon Energy) Pretax Margin % : -49.25% (As of Sep. 2024)

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What is Icon Energy Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Icon Energy's Pre-Tax Income for the three months ended in Sep. 2024 was $-0.43 Mil. Icon Energy's Revenue for the three months ended in Sep. 2024 was $0.86 Mil. Therefore, Icon Energy's pretax margin for the quarter that ended in Sep. 2024 was -49.25%.

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

ICON' s Pretax Margin % Range Over the Past 10 Years
Min: -1.05 Med: 55.65 Max: 58.58
Current: -1.05

ICON's Pretax Margin % is ranked worse than
85.17% of 971 companies
in the Transportation industry
Industry Median: 7.19 vs ICON: -1.05

Icon Energy Pretax Margin % Historical Data

The historical data trend for Icon Energy'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.

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Icon Energy Pretax Margin % Chart

Icon Energy Annual Data

Trend

Dec21

Dec22

Dec23

Pretax Margin %

55.65

58.58

25.80

Icon Energy Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Pretax Margin %	Get a 7-Day Free Trial			-	6.82	32.82	-	-49.25

Competitive Comparison of Icon Energy's Pretax Margin %

For the Marine Shipping subindustry, Icon Energy'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.

Icon Energy's Pretax Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Icon Energy's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Icon Energy's Pretax Margin % falls into.

Icon Energy 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.

Icon Energy'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 )
	=	1.155	/	4.476
	=	25.80 %

Icon Energy's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	-0.425	/	0.863
	=	-49.25 %

Icon Energy (NAS:ICON) 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.

Icon Energy Pretax Margin % Related Terms

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Icon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a Growth-oriented company that operates as a holding company for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The company generates its revenues by chartering the Initial Vessels to regional and international dry bulk operators, commodity traders and end users.