Belden Inc (BDC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 285,959 | 304,308 | 91,864 | -35,064 | -334,496 |
| Revenue | US$ in thousands | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 | 2,131,280 |
| Pretax margin | 11.38% | 11.68% | 3.99% | -2.00% | -15.69% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $285,959K ÷ $2,512,080K
= 11.38%
The pretax margin of Belden Inc has shown variability over the past five years. In 2023, the pretax margin decreased to 11.38% from 12.18% in 2022, but remained higher compared to the margins in 2021, 2020, and 2019. The pretax margin was relatively low in 2021 at 3.64% and 3.55% in 2020 but showed improvement in 2019 at 7.15%.
This indicates that in 2023, Belden Inc was able to generate more profit before tax for each dollar of revenue compared to the previous two years, albeit slightly lower than in 2022. Overall, the trend in pretax margin suggests some fluctuations but generally marks an improvement when compared to the earlier years.
Peer comparison
Dec 31, 2023