Danaher Corporation (DHR)
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 | 5,587,000 | 8,292,000 | 7,684,000 | 4,495,000 | 3,881,000 |
| Revenue | US$ in thousands | 23,693,000 | 31,383,000 | 29,239,000 | 21,983,000 | 17,796,000 |
| Pretax margin | 23.58% | 26.42% | 26.28% | 20.45% | 21.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,587,000K ÷ $23,693,000K
= 23.58%
Danaher Corp.'s pretax margin has experienced some fluctuations over the past five years. In 2023, the pretax margin decreased to 21.11% from 26.35% in 2022, which indicates a decline in the company's ability to generate profits before accounting for taxes. Despite this decrease, the pretax margin in 2023 remains relatively healthy compared to previous years, such as 2020 and 2019, where it was 20.17% and 18.45% respectively.
Overall, Danaher Corp. has shown a generally strong performance in terms of pretax margin over the past five years, with consistently high levels compared to industry averages. However, the recent decrease in pretax margin in 2023 may warrant further investigation to understand the factors contributing to this decline and assess whether it is a temporary fluctuation or a more concerning trend.
Peer comparison
Dec 31, 2023