Aptiv PLC (APTV)
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 | 2,010,000 | 1,858,000 | 1,780,000 | 1,063,000 | 965,000 | 1,059,000 | 1,102,000 | 801,000 | 715,000 | 472,000 | 238,000 | 458,000 | 691,000 | 1,014,000 | 1,185,000 | 614,000 | 1,853,000 | 1,759,000 | 1,746,000 | 2,431,000 |
| Revenue (ttm) | US$ in thousands | 19,713,000 | 19,725,000 | 19,985,000 | 20,134,000 | 20,051,000 | 19,772,000 | 19,272,000 | 18,129,000 | 17,489,000 | 16,983,000 | 16,023,000 | 15,773,000 | 15,618,000 | 15,696,000 | 15,710,000 | 13,863,000 | 13,066,000 | 12,450,000 | 12,341,000 | 14,008,000 |
| Pretax margin | 10.20% | 9.42% | 8.91% | 5.28% | 4.81% | 5.36% | 5.72% | 4.42% | 4.09% | 2.78% | 1.49% | 2.90% | 4.42% | 6.46% | 7.54% | 4.43% | 14.18% | 14.13% | 14.15% | 17.35% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,010,000K ÷ $19,713,000K
= 10.20%
Aptiv PLC's pretax margin has displayed fluctuations over the past few years. It stood at a commendable level of 17.35% as of March 31, 2020, indicating strong profitability before taxes. However, there was a gradual decline in the pretax margin in the subsequent quarters, with values ranging between 14.13% to 14.18% in the latter half of 2020.
The pretax margin took a significant hit in the first quarter of 2021, dropping to 4.43%, then showed a small improvement in the following quarters of 2021. By the end of 2021 and into the first half of 2022, the pretax margin remained subdued, hovering around 4% to 7%.
From the second quarter of 2022 to the third quarter of 2023, there was a gradual recovery in the pretax margin, increasing from 1.49% to 5.72%. The margin stabilized at around 5% levels throughout the rest of 2023.
In the following quarters from March 31, 2024, to December 31, 2024, Aptiv PLC experienced a notable improvement in pretax margin, showing a consistent upward trend. By the end of 2024, the pretax margin had increased to a more robust level of 10.20%.
Overall, the company's pretax margin has demonstrated variability, experiencing both peaks and troughs during the period under review, with a recent trend of improvement towards the later quarters of 2024.
Peer comparison
Dec 31, 2024