Bruker Corporation (BRKR)

Pretax margin

		Dec 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	204,500	392,700	455,900	509,200	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
Revenue (ttm)	US$ in thousands	3,366,400	3,241,300	3,119,700	3,000,900	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
Pretax margin		6.07%	12.12%	14.61%	16.97%	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%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $204,500K ÷ $3,366,400K
= 6.07%

Bruker Corporation's pretax margin demonstrates fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 12.50% in March 2020, decreased to 11.18% by December 2020, and then showed a significant improvement to 16.13% by December 2021. Thereafter, the pretax margin continued to increase steadily, reaching a peak of 18.38% by December 31, 2023.

However, there was a notable decline in the pretax margin in the following periods, with a decrease to 6.07% by December 31, 2024. This decline may indicate potential challenges or changes in the company's financial performance during that period.

Overall, while the pretax margin exhibited volatility, it generally trended upwards from 2020 to 2023 before experiencing a sharp decline in 2024. Further analysis of Bruker Corporation's financial strategies and operational efficiency during these periods could provide insights into the factors driving these fluctuations in pretax margin.