Ametek Inc (AME)
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 | 1,606,410 | 1,428,690 | 1,223,170 | 1,082,310 | 1,069,750 |
| Revenue | US$ in thousands | 6,515,160 | 6,070,930 | 5,472,480 | 4,594,990 | 5,070,080 |
| Pretax margin | 24.66% | 23.53% | 22.35% | 23.55% | 21.10% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,606,410K ÷ $6,515,160K
= 24.66%
Ametek Inc's pretax margin has shown a generally positive trend over the past five years, with some fluctuations. The company's pretax margin increased from 20.74% in 2019 to 24.35% in 2023, indicating improved profitability and efficiency in managing its operating expenses relative to its revenue. Although there were slight decreases in pretax margin in 2020 and 2022 compared to the previous years, the overall trend suggests that Ametek has been able to maintain healthy profitability levels. This indicates that the company may have effectively controlled its costs and expenses while growing its revenue, resulting in a higher pretax margin. It is essential to monitor this metric closely to ensure sustained profitability and efficiency in the future.
Peer comparison
Dec 31, 2023