Curtiss-Wright Corporation (CW)
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 | 463,070 | 389,195 | 354,510 | 263,051 | 396,462 |
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Pretax margin | 16.56% | 15.51% | 14.38% | 11.00% | 15.94% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $463,070K ÷ $2,796,860K
= 16.56%
The pretax margin of Curtiss-Wright Corp. has shown a generally positive trend over the five-year period from 2019 to 2023. The company's pretax margin increased from 15.94% in 2019 to 16.27% in 2023, indicating an improvement in the company's ability to generate profits before accounting for taxes on its operating income.
The steady increase in pretax margin suggests that Curtiss-Wright Corp. has been effectively managing its operating expenses and costs relative to its revenue over the years. This trend is a positive indication of the company's operational efficiency and financial performance.
Additionally, the pretax margin of Curtiss-Wright Corp. has outperformed its own historical performance in 2023, reaching its highest level in the five-year period. This could indicate improved profitability and effective cost management strategies implemented by the company during that specific year.
Overall, the upward trend in the pretax margin of Curtiss-Wright Corp. reflects positively on the company's financial health and operational efficiency over the analyzed period.
Peer comparison
Dec 31, 2023