Crane NXT Co (CXT)
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 | 239,800 | 563,000 | 502,800 | 224,400 | 164,600 |
| Revenue | US$ in thousands | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 | 3,074,500 |
| Pretax margin | 17.24% | 16.68% | 14.75% | 7.64% | 5.35% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $239,800K ÷ $1,391,300K
= 17.24%
The pretax margin of Crane NXT Co has shown a positive trend over the past five years, increasing from 5.35% in 2019 to 17.24% in 2023. This indicates that the company has been able to improve its operational efficiency and control costs to generate higher profits before tax. The consistent growth in pretax margin suggests effective management of expenses and revenue generation strategies. Overall, the upward trajectory of the pretax margin reflects positively on Crane NXT Co's financial health and performance over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Crane NXT Co
CXT
17.24%
Barnes Group Inc
B
2.40%
Crane Company
CR
12.94%
Parker-Hannifin Corporation
PH
17.98%
Watts Water Technologies Inc
WTS
17.06%