Allegion PLC (ALLE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 617,000 | 514,200 | 523,700 | 365,200 | 474,900 |
| Revenue | US$ in thousands | 3,553,800 | 3,186,000 | 2,820,400 | 2,668,100 | 2,763,400 |
| Pretax margin | 17.36% | 16.14% | 18.57% | 13.69% | 17.19% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $617,000K ÷ $3,553,800K
= 17.36%
The pretax margin of Allegion plc has exhibited some fluctuations over the past five years. The margin was highest in 2021 at 18.27% and lowest in 2020 at 13.43%. In 2023, the pretax margin increased to 16.91% from 15.72% in 2022. Overall, the company has demonstrated a generally healthy level of profitability before tax, with fluctuations possibly influenced by factors such as operational efficiency, cost management, and economic conditions. It is important for investors and stakeholders to monitor this metric to assess the company's performance and financial health.