Ametek Inc (AME)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,661,540 | 1,606,410 | 1,428,690 | 1,223,170 | 1,082,310 |
| Revenue | US$ in thousands | 6,941,180 | 6,596,950 | 6,150,530 | 5,546,510 | 4,540,030 |
| Pretax margin | 23.94% | 24.35% | 23.23% | 22.05% | 23.84% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,661,540K ÷ $6,941,180K
= 23.94%
The pretax margin of Ametek Inc has been relatively stable over the past five years, ranging from 22.05% to 24.35%. It indicates that the company has been able to effectively manage its operating expenses and generate a decent level of pre-tax profit compared to its total revenue. The slight fluctuations in the pretax margin may reflect changes in the company's pricing strategies, cost structures, or business efficiency. Overall, Ametek Inc appears to have maintained a healthy level of profitability before taxes during the period under review.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
Ametek Inc
AME
23.94%
Cognex Corporation
CGNX
14.36%
Danaher Corporation
DHR
19.46%
Fortive Corp
FTV
15.50%
Keysight Technologies Inc
KEYS
17.37%
Mesa Laboratories Inc
MLAB
-127.50%
MKS Instruments Inc
MKSI
5.10%
Roper Technologies, Inc.
ROP
27.95%
Sensata Technologies Holding NV
ST
-0.30%