Allegion PLC (ALLE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 698,800 | 673,400 | 648,900 | 622,400 | 617,200 | 620,500 | 584,100 | 554,900 | 514,500 | 498,800 | 505,900 | 508,800 | 524,000 | 505,300 | 524,200 | 475,900 | 365,400 | 357,300 | 348,100 | 391,800 |
| Revenue (ttm) | US$ in thousands | 3,772,200 | 3,724,000 | 3,674,800 | 3,621,700 | 3,650,800 | 3,614,900 | 3,610,700 | 3,471,300 | 3,271,900 | 3,119,600 | 2,922,900 | 2,896,700 | 2,867,400 | 2,885,500 | 2,896,900 | 2,739,500 | 2,719,900 | 2,712,100 | 2,732,000 | 2,873,700 |
| Pretax margin | 18.52% | 18.08% | 17.66% | 17.19% | 16.91% | 17.17% | 16.18% | 15.99% | 15.72% | 15.99% | 17.31% | 17.56% | 18.27% | 17.51% | 18.10% | 17.37% | 13.43% | 13.17% | 12.74% | 13.63% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $698,800K ÷ $3,772,200K
= 18.52%
The pretax margin of Allegion PLC has exhibited variability over the periods analyzed. The pretax margin indicates the proportion of revenue that translates into pre-tax profit, serving as a key indicator of operational efficiency and profitability.
From March 31, 2020, to December 31, 2021, the pretax margin showed a generally increasing trend, starting at 13.63% and reaching 18.27%. This uptrend suggests improving operational performance and cost management during this period.
In the subsequent quarters up to December 31, 2024, the pretax margin fluctuated within a narrower range, oscillating between 15.72% and 18.52%. This stabilization could reflect matured operational processes and consistent profitability levels achieved by Allegion PLC during this timeframe.
Overall, the consistent maintenance of pretax margin above 15% indicates that Allegion PLC has been able to effectively manage its operational expenses and generate healthy pre-tax profits relative to its revenue, portraying a relatively stable and profitable financial performance.