Becton Dickinson and Company (BDX)
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 | 1,493,000 | 1,616,000 | 1,801,000 | 1,721,000 | 1,699,000 | 1,927,000 | 1,867,000 | 1,973,000 | 1,772,000 | 2,220,000 | 2,053,000 | 1,804,000 | 1,699,000 | 937,000 | 842,000 | 1,054,000 | 857,000 | 1,176,000 | 1,591,000 | 1,778,000 |
| Revenue (ttm) | US$ in thousands | 19,492,000 | 19,372,000 | 19,046,000 | 18,809,000 | 18,738,000 | 18,870,000 | 18,958,000 | 18,924,000 | 19,081,000 | 19,678,000 | 19,613,000 | 18,861,000 | 18,207,000 | 17,117,000 | 16,917,000 | 17,412,000 | 17,354,000 | 17,289,000 | 17,107,000 | 17,035,000 |
| Pretax margin | 7.66% | 8.34% | 9.46% | 9.15% | 9.07% | 10.21% | 9.85% | 10.43% | 9.29% | 11.28% | 10.47% | 9.56% | 9.33% | 5.47% | 4.98% | 6.05% | 4.94% | 6.80% | 9.30% | 10.44% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,493,000K ÷ $19,492,000K
= 7.66%
Becton Dickinson & Co. has demonstrated relatively stable pretax margins over the past eight quarters. The pretax margin fluctuated between 7.89% and 10.13%, with a downward trend noticeable in the most recent quarters. The company experienced a peak pretax margin of 10.13% in Q2 2022, followed by a gradual decline to 7.89% in Q1 2024. Despite the decrease, the pretax margins remained healthy, indicating the company's ability to generate profits before accounting for taxes and expenses. It would be important to continue monitoring the trend to assess the company's operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2023