Agilent Technologies Inc (A)
Pretax margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,332,000 | 1,339,000 | 1,374,000 | 1,639,000 | 1,595,000 | 1,504,000 | 1,497,000 | 1,427,000 | 1,367,000 | 1,360,000 | 1,195,000 | 1,087,000 | 935,000 | 842,000 | 790,000 | 793,000 | 890,000 | 919,000 | 930,000 | 935,000 |
| Revenue (ttm) | US$ in thousands | 6,700,000 | 6,806,000 | 6,912,000 | 6,975,000 | 6,872,000 | 6,783,000 | 6,604,000 | 6,458,000 | 6,377,000 | 6,248,000 | 6,057,000 | 5,738,000 | 5,454,000 | 5,271,000 | 5,138,000 | 5,148,000 | 5,148,000 | 5,073,000 | 4,928,000 | 4,859,000 |
| Pretax margin | 19.88% | 19.67% | 19.88% | 23.50% | 23.21% | 22.17% | 22.67% | 22.10% | 21.44% | 21.77% | 19.73% | 18.94% | 17.14% | 15.97% | 15.38% | 15.40% | 17.29% | 18.12% | 18.87% | 19.24% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,332,000K ÷ $6,700,000K
= 19.88%
Agilent Technologies Inc.'s pretax margin has displayed some fluctuation over the past eight quarters. In Q1 2024, the pretax margin stood at 19.78%, showing a slight improvement compared to the previous quarter's figure of 19.60% in Q4 2023. However, when looking at the trend over the longer term, it is evident that the pretax margin has generally been relatively stable, hovering around the low 20% range.
The most notable deviation from this trend was observed in Q2 2023 when the pretax margin spiked to 23.28%, before declining in the subsequent quarter. This suggests that there may have been specific factors influencing the company's profitability during that period.
Overall, Agilent Technologies Inc.'s pretax margin performance appears to be robust, with the company consistently maintaining margins above 20% in recent quarters. However, investors may want to pay attention to any fluctuations in the pretax margin to assess the company's ability to manage costs and generate profits effectively.
Peer comparison
Jan 31, 2024