Apple Inc (AAPL)
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 | 118,436,000 | 113,736,000 | 111,395,000 | 111,728,000 | 113,485,000 | 119,103,000 | 117,694,000 | 118,997,000 | 116,869,000 | 109,207,000 | 100,860,000 | 89,628,000 | 74,752,000 | 67,091,000 | 68,317,000 | 67,091,000 | 67,749,000 | 65,737,000 | 66,031,000 | 67,404,000 |
| Revenue (ttm) | US$ in thousands | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 | 257,408,000 | 256,268,000 | 256,590,000 |
| Pretax margin | 30.87% | 29.91% | 29.23% | 29.21% | 29.53% | 30.43% | 30.59% | 31.05% | 31.11% | 30.07% | 29.22% | 27.71% | 25.60% | 24.64% | 25.15% | 25.26% | 25.56% | 25.54% | 25.77% | 26.27% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $118,436,000K ÷ $383,706,000K
= 30.87%
The pretax margin of Apple Inc has shown a fluctuating trend over the past few quarters, ranging from a low of 24.64% in September 2020 to a high of 31.11% in March 2022. Overall, the pretax margin has generally remained above 25%, indicating that Apple has been able to generate healthy profits before accounting for taxes. Despite slight fluctuations, the pretax margin has generally maintained stability in the range of 29% to 31% in recent quarters. This suggests that Apple has been effectively managing its operating expenses and generating solid operating profits relative to its revenue over the analyzed period.
Peer comparison
Dec 31, 2023