Air Products and Chemicals Inc (APD)
Pretax margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,773,100 | 3,131,600 | 3,029,600 | 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 |
| Revenue (ttm) | US$ in thousands | 12,100,600 | 12,104,400 | 12,152,800 | 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 |
| Pretax margin | 39.45% | 25.87% | 24.93% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,773,100K ÷ $12,100,600K
= 39.45%
Air Products and Chemicals Inc has shown a fluctuating trend in its pretax margin over the past two years. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes relative to its total revenue.
From December 2019 to September 2020, the pretax margin ranged from 26.71% to 26.33%, showing stability within a narrow range. However, from March 2020 to March 2021, there was a gradual increase in the pretax margin from 26.34% to 25.19%. This improvement in profitability was further enhanced as the pretax margin peaked at 39.45% in September 2024.
It is essential to note that higher pretax margin figures suggest better cost management and operational efficiency, indicating that Air Products and Chemicals Inc is effectively controlling its expenses compared to its revenue. Therefore, the recent upward trend in pretax margin may indicate improved profitability and financial health for the company.
Peer comparison
Sep 30, 2024