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