Smith AO Corporation (AOS)
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 | 701,000 | 732,800 | 752,600 | 754,900 | 733,500 | 313,700 | 282,000 | 238,400 | 223,700 | 648,400 | 670,100 | 656,100 | 625,600 | 595,700 | 566,600 | 502,300 | 443,900 | 407,500 | 383,000 | 428,200 |
| Revenue (ttm) | US$ in thousands | 3,817,100 | 3,891,700 | 3,924,200 | 3,856,200 | 3,840,800 | 3,786,500 | 3,723,200 | 3,730,700 | 3,744,500 | 3,805,900 | 3,847,700 | 3,742,800 | 3,534,600 | 3,375,000 | 3,219,800 | 3,022,300 | 2,889,000 | 2,805,400 | 2,772,100 | 2,872,700 |
| Pretax margin | 18.36% | 18.83% | 19.18% | 19.58% | 19.10% | 8.28% | 7.57% | 6.39% | 5.97% | 17.04% | 17.42% | 17.53% | 17.70% | 17.65% | 17.60% | 16.62% | 15.37% | 14.53% | 13.82% | 14.91% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $701,000K ÷ $3,817,100K
= 18.36%
Smith AO Corporation's pretax margin has experienced fluctuations over the past few years. From December 31, 2022, to March 31, 2023, there was a significant decline in pretax margin from 17.04% to 5.97%. This may indicate a period of lower profitability or increased expenses relative to revenue during that timeframe.
However, the company managed to improve its pretax margin steadily afterward, reaching 19.10% by December 31, 2023. This could suggest better cost management or revenue growth initiatives that positively impacted profitability.
Subsequently, there were minor fluctuations in pretax margin for the periods up to December 31, 2024, hovering around 18-19%. While the pretax margin did decrease slightly by the end of December 2024, staying above 18% indicates that Smith AO Corporation has maintained relatively strong profitability levels overall.
Overall, the trend in pretax margin shows some variability but generally reflects a company that has managed to sustain healthy levels of profitability over the analyzed period.
Peer comparison
Dec 31, 2024