Air Products and Chemicals Inc (APD)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,887,500 | 2,851,400 | 2,718,300 | 2,699,400 | 2,791,800 | 2,756,900 | 2,778,900 | 2,697,900 | 2,639,700 | 2,561,900 | 2,412,900 | 2,333,400 | 2,364,700 | 2,365,100 | 2,412,800 | 2,454,300 | 2,356,800 | 2,240,100 | 2,127,800 | 2,111,500 |
| Revenue (ttm) | US$ in thousands | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 | 8,918,900 | 8,934,600 | 8,969,600 |
| Pretax margin | 23.24% | 22.63% | 20.94% | 20.55% | 21.68% | 21.71% | 23.22% | 23.70% | 24.12% | 24.82% | 24.62% | 25.19% | 26.34% | 26.71% | 27.36% | 27.34% | 26.33% | 25.12% | 23.82% | 23.54% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,887,500K ÷ $12,422,700K
= 23.24%
To analyze the pretax margin of Air Products & Chemicals Inc., we observe various quarterly values over the past few years. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before paying taxes.
The pretax margin of Air Products & Chemicals Inc. has shown some fluctuations over the past eight quarters. In Q1 2024, the pretax margin reached 23.50%, marking a slight increase from the previous quarter. This upward trend indicates that the company was able to increase its profitability relative to its revenue in the most recent quarter.
Comparing the latest value to the same quarter in the previous year, we can observe a positive growth trend in the company's pretax margin. The performance in Q1 2024 of 23.50% surpasses the pretax margin from Q1 2023, which was 21.83%, showcasing an improvement in the company's profitability over the year.
Overall, the consistent maintenance of pretax margins above 20% in recent quarters is a positive sign for Air Products & Chemicals Inc., indicating efficient cost management and strong operational performance. The increasing trend in the pretax margin demonstrates the company's ability to generate more profit from its revenue, which can be an encouraging signal for investors and stakeholders.
Peer comparison
Dec 31, 2023