BWX Technologies Inc (BWXT)
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 | 320,928 | 313,948 | 395,296 | 361,646 | 313,180 |
| Revenue | US$ in thousands | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 | 1,857,780 |
| Pretax margin | 13.10% | 14.34% | 18.88% | 17.28% | 16.86% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $320,928K ÷ $2,450,040K
= 13.10%
The pretax margin of BWX Technologies Inc has shown some variability over the past five years. In 2023, the pretax margin was 12.88%, a decrease from 14.08% in 2022. This decline suggests that the company's profitability before tax expenses decreased in 2023 compared to the previous year. However, it is important to note that the pretax margin in 2023 is still higher than in 2020 and 2019, indicating a positive trend over the long term. Overall, while there was a slight dip in 2023, the company has generally maintained a reasonable level of pretax profitability in recent years. Additional analysis and context would be required to fully understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023