BWX Technologies Inc (BWXT)
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 | 320,928 | 292,476 | 296,177 | 316,337 | 313,948 | 404,278 | 400,015 | 380,853 | 395,296 | 335,740 | 350,073 | 355,146 | 361,646 | 352,632 | 355,092 | 348,762 | 313,180 | 265,872 | 255,955 | 257,499 |
| Revenue (ttm) | US$ in thousands | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 | 2,284,126 | 2,260,889 | 2,189,248 | 2,166,631 |
| Pretax margin | 13.04% | 12.39% | 12.90% | 14.11% | 14.22% | 18.58% | 18.62% | 18.15% | 18.87% | 16.30% | 16.79% | 17.02% | 17.22% | 17.25% | 17.50% | 17.49% | 13.71% | 11.76% | 11.69% | 11.88% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $320,928K ÷ $2,461,109K
= 13.04%
Based on the data provided, the pretax margin of BWX Technologies Inc has shown a fluctuating trend over the past eight quarters. The pretax margin ranged from a high of 18.41% in Q3 2022 to a low of 12.22% in Q3 2023. Overall, the pretax margin has been relatively healthy, staying above 12% in all quarters.
The average pretax margin over the eight quarters is 14.19%, indicating that the company has been able to generate, on average, $0.14 in pretax profit for every dollar of sales.
It is important to note that despite some fluctuations, the pretax margin has generally remained stable, within a relatively narrow range. This stability suggests that BWX Technologies Inc has been effectively managing its operating expenses and cost structure to maintain profitability.
Further analysis of the factors influencing the pretax margin, such as changes in revenue, operating expenses, and one-time charges, would provide additional insights into the company's financial performance and potential areas for improvement.
Peer comparison
Dec 31, 2023