Bruker Corporation (BRKR)

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	544,900	413,000	390,100	222,200	279,600
Revenue	US$ in thousands	2,964,500	2,530,700	2,417,900	1,987,500	2,072,600
Pretax margin		18.38%	16.32%	16.13%	11.18%	13.49%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $544,900K ÷ $2,964,500K
= 18.38%

Bruker Corp's pretax margin has shown an increasing trend from 2019 to 2023. The company's pretax margin was 13.53% in 2019, which then improved to 11.36% in 2020, indicating a stronger profitability. Subsequently, there was a notable increase in pretax margin to 16.28% in 2021, and further increase to 16.39% in 2022. The most recent data for December 31, 2023, shows a pretax margin of 18.42%.

The upward trend in pretax margin over the years suggests that Bruker Corp has been effectively managing its operating expenses and generating more income before taxes relative to its revenue. This improvement may be attributed to various factors such as cost control measures, efficiency enhancements, or revenue growth strategies. Overall, the company's increasing pretax margin indicates a strengthening financial performance and operational efficiency.