• Ashtead Group average pre-tax profit margin for 2023 was 21.95%, a 3.1% decline from 2022.
• Ashtead Group average pre-tax profit margin for 2022 was 21.29%, a 12.11% increase from 2021.
• Ashtead Group average pre-tax profit margin for 2021 was 18.99%, a 0.64% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.