Benchmark Electronics Inc (BHE)

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	81,220	85,111	82,848	86,234	84,342	74,195	61,294	49,226	45,407	38,683	35,370	22,242	17,293	-2,966	-1,373	14,615	27,269	52,959	54,143	55,405
Revenue (ttm)	US$ in thousands	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239	2,268,095	2,416,701	2,502,160	2,561,149
Pretax margin		2.86%	2.94%	2.81%	2.93%	2.92%	2.68%	2.39%	2.06%	2.01%	1.80%	1.69%	1.09%	0.84%	-0.15%	-0.07%	0.67%	1.20%	2.19%	2.16%	2.16%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $81,220K ÷ $2,838,976K
= 2.86%

Benchmark Electronics Inc.'s pretax margin has shown consistency in the past quarters, ranging from 2.06% in Q1 2022 to 2.94% in Q3 2023. The company demonstrated a slight improvement in profitability in recent quarters, with the pretax margin peaking at 2.94% in Q3 2023. This indicates that Benchmark Electronics Inc. has been effectively controlling its operating expenses in relation to its revenue. Despite fluctuations, the pretax margin has generally remained within a narrow range, reflecting stability in the company's ability to generate profits before taxes. Continued monitoring of this metric will be important to assess the company's operational efficiency and profitability.