Becton Dickinson and Company (BDX)
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 | 2,005,000 | 1,627,000 | 1,598,000 | 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 |
| Revenue (ttm) | US$ in thousands | 20,178,000 | 19,828,000 | 19,716,000 | 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 |
| Pretax margin | 9.94% | 8.21% | 8.11% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,005,000K ÷ $20,178,000K
= 9.94%
The pretax margin of Becton Dickinson and Company has shown fluctuations over the periods under review. The pretax margin for the most recent period, ending on September 30, 2024, stood at 9.94%, which indicates that the company earned $0.0994 in pretax profit for every dollar of revenue generated.
Looking at the trend over the past few quarters, the pretax margin has been relatively stable, hovering around the mid to high single digits. It peaked at 11.28% on September 30, 2021, and hit its lowest point at 4.94% on December 31, 2019.
Overall, while the pretax margin has shown some variation, it has generally remained within a reasonable range, demonstrating the company's ability to manage its operating expenses and generate profits before taxes. Investors and stakeholders may want to monitor this metric closely to assess the company's profitability and efficiency in the future.
Peer comparison
Sep 30, 2024