Curtiss-Wright Corporation (CW)
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 | 463,070 | 451,235 | 421,521 | 408,656 | 389,195 | 342,557 | 336,566 | 328,537 | 354,510 | 325,032 | 314,626 | 272,512 | 263,051 | 312,795 | 335,833 | 396,700 | 396,462 | 383,660 | 372,628 | 365,513 |
| Revenue (ttm) | US$ in thousands | 3,458,362 | 3,374,952 | 3,281,168 | 3,186,129 | 3,114,730 | 3,042,690 | 3,032,767 | 3,044,905 | 3,082,503 | 2,507,617 | 2,458,612 | 2,387,164 | 2,391,336 | 2,378,663 | 2,421,929 | 2,510,878 | 2,487,961 | 2,480,812 | 2,461,325 | 2,442,627 |
| Pretax margin | 13.39% | 13.37% | 12.85% | 12.83% | 12.50% | 11.26% | 11.10% | 10.79% | 11.50% | 12.96% | 12.80% | 11.42% | 11.00% | 13.15% | 13.87% | 15.80% | 15.94% | 15.47% | 15.14% | 14.96% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $463,070K ÷ $3,458,362K
= 13.39%
Curtiss-Wright Corp.'s pretax margin has shown a consistent positive trend over the past eight quarters. The pretax margin increased from 13.31% in Q1 2022 to 16.27% in Q4 2023. This steady improvement indicates that the company has been effectively managing its operating expenses and generating higher levels of pre-tax income relative to its revenues.
The pretax margin peaked at 16.27% in Q4 2023, demonstrating the company's ability to maintain profitability and control costs effectively. This upward trend indicates that Curtiss-Wright Corp. has been successful in optimizing its operations and maximizing profitability over the quarters under review.
Overall, the positive trajectory of Curtiss-Wright Corp.'s pretax margin suggests a sound financial performance and effective operational management, which bodes well for the company's financial health and sustainability in the long term.
Peer comparison
Dec 31, 2023