Ametek Inc (AME)

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	1,661,539	1,634,120	1,628,768	1,608,142	1,606,412	1,567,979	1,521,988	1,472,069	1,428,692	1,389,480	1,341,646	1,286,936	1,223,170	1,160,586	1,088,993	1,003,690	1,082,309	1,073,582	1,099,738	1,163,885
Revenue (ttm)	US$ in thousands	6,941,170	6,910,450	6,824,730	6,736,010	6,596,950	6,491,740	6,420,690	6,289,130	6,150,530	6,028,600	5,917,490	5,789,290	5,546,510	5,241,720	4,927,980	4,553,550	4,540,030	4,645,900	4,795,590	5,073,080
Pretax margin		23.94%	23.65%	23.87%	23.87%	24.35%	24.15%	23.70%	23.41%	23.23%	23.05%	22.67%	22.23%	22.05%	22.14%	22.10%	22.04%	23.84%	23.11%	22.93%	22.94%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,661,539K ÷ $6,941,170K
= 23.94%

The pretax margin of Ametek Inc has shown relatively stable performance over the past few years. It ranged between 22% to 24% during the period from March 31, 2020, to December 31, 2024.

There was a slight increase in pretax margin from 22.94% on March 31, 2020, to 23.84% on December 31, 2020. However, it dipped to 22.04% on March 31, 2021, before gradually increasing to 24.35% on December 31, 2023.

The pretax margin then slightly decreased to 23.87% on March 31, 2024, and remained relatively stable around this level, with fluctuations within a narrow range in the subsequent quarters.

Overall, Ametek Inc's pretax margin indicates that the company has been able to effectively manage its operating expenses and generate consistent profitability before the impact of taxes.