Bruker Corporation (BRKR)

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	544,900	423,100	433,500	425,900	413,000	411,400	389,900	399,400	390,100	374,200	340,700	293,000	222,200	229,900	238,600	254,500	279,600	269,000	250,600	246,500
Revenue (ttm)	US$ in thousands	2,964,500	2,818,400	2,714,500	2,621,000	2,530,700	2,505,800	2,475,800	2,458,200	2,417,900	2,361,900	2,264,400	2,118,200	1,987,500	1,959,900	1,969,600	2,035,200	2,072,600	2,026,300	1,971,800	1,925,300
Pretax margin		18.38%	15.01%	15.97%	16.25%	16.32%	16.42%	15.75%	16.25%	16.13%	15.84%	15.05%	13.83%	11.18%	11.73%	12.11%	12.50%	13.49%	13.28%	12.71%	12.80%

December 31, 2023 calculation

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

The pretax margin of Bruker Corp has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 18.42%, indicating that the company retained $0.1842 in pretax profit for every dollar of revenue generated. This represents an improvement compared to the previous quarter Q3 2023 when the pretax margin was 15.12%.

The pretax margin was relatively stable around the 16% range in the preceding quarters of 2023, with Q2 and Q1 reporting margins of 16.07% and 16.34%, respectively. This trend was consistent with the performance seen in Q4 2022 at 16.39%. Notably, Q3 2022 experienced a slight decline in pretax margin to 15.83% from the relatively higher margins seen in the surrounding quarters.

Overall, the pretax margin of Bruker Corp has demonstrated strength and stability, with occasional fluctuations that are common in the industry. It is essential for the company to maintain a healthy pretax margin to ensure effective cost management and sustainable profitability in the long term.