AAON Inc (AAON)
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 | 223,154 | 205,790 | 178,099 | 144,862 | 124,533 | 84,110 | 68,418 | 73,542 | 69,182 | 89,583 | 95,631 | 92,627 | 101,975 | 99,441 | 88,317 | 83,408 | 67,031 | 60,911 | 66,081 | 63,338 |
| Revenue (ttm) | US$ in thousands | 1,164,845 | 1,115,007 | 1,046,379 | 974,572 | 891,972 | 773,593 | 671,628 | 605,145 | 538,153 | 517,306 | 512,603 | 495,316 | 517,101 | 522,975 | 501,374 | 494,292 | 469,759 | 459,553 | 458,954 | 449,244 |
| Pretax margin | 19.16% | 18.46% | 17.02% | 14.86% | 13.96% | 10.87% | 10.19% | 12.15% | 12.86% | 17.32% | 18.66% | 18.70% | 19.72% | 19.01% | 17.61% | 16.87% | 14.27% | 13.25% | 14.40% | 14.10% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $223,154K ÷ $1,164,845K
= 19.16%
The pretax margin of AAON Inc. has shown a general positive trend over the past eight quarters. The company's pretax margin has consistently improved from 10.27% in Q2 2022 to 19.10% in Q4 2023, indicating an upward trajectory in profitability before tax expenses are deducted. This upward trend suggests that AAON Inc. has been effectively managing its costs and expenses relative to its revenue generation. The pretax margin reached its peak in Q4 2023 at 19.10%, reflecting the company's ability to generate higher earnings before accounting for taxes. This improvement in pretax margin could be attributed to operational efficiencies, higher sales volume, or effective cost control measures implemented by AAON Inc. Overall, the increasing pretax margin demonstrates the company's ability to enhance its profitability over the analyzed period.
Peer comparison
Dec 31, 2023