Allegion PLC (ALLE)
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 | 617,000 | 620,200 | 583,900 | 554,600 | 514,200 | 498,700 | 505,700 | 508,600 | 523,700 | 504,800 | 523,800 | 475,600 | 365,200 | 357,200 | 347,900 | 391,500 | 474,900 | 504,300 | 484,000 | 484,000 |
| Revenue (ttm) | US$ in thousands | 3,553,800 | 3,529,000 | 3,524,800 | 3,385,400 | 3,186,000 | 3,072,600 | 2,875,900 | 2,849,700 | 2,820,400 | 2,833,700 | 2,845,100 | 2,687,700 | 2,668,100 | 2,621,500 | 2,641,400 | 2,783,100 | 2,763,400 | 2,783,600 | 2,746,800 | 2,720,300 |
| Pretax margin | 17.36% | 17.57% | 16.57% | 16.38% | 16.14% | 16.23% | 17.58% | 17.85% | 18.57% | 17.81% | 18.41% | 17.70% | 13.69% | 13.63% | 13.17% | 14.07% | 17.19% | 18.12% | 17.62% | 17.79% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $617,000K ÷ $3,553,800K
= 17.36%
The pretax margin of Allegion plc has shown fluctuations over the past eight quarters, ranging from a low of 15.72% in Q4 2022 to a high of 17.56% in Q1 2022. The average pretax margin over these periods is approximately 16.65%.
In the most recent quarter, Q4 2023, the pretax margin was 16.91%, which is slightly lower than the previous quarter but still above the average. This indicates that Allegion plc was able to generate a profit before tax equivalent to 16.91% of its total revenue in that period.
Overall, despite some variability, Allegion plc has generally maintained a relatively stable pretax margin, which suggests consistent profitability and effective cost management strategies. However, it would be important to continue monitoring and analyzing this metric to understand any underlying factors driving the fluctuations and to ensure sustained financial performance.