Danaher Corporation (DHR)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	4,646,000	3,788,000	4,208,000	4,517,000	5,044,000	6,780,000	7,314,000	7,991,000	8,292,000	8,184,000	7,640,000	7,614,000	7,598,000	7,055,000	6,689,500	5,867,400	4,495,500	3,929,000	3,750,500	3,425,300
Revenue (ttm)	US$ in thousands	23,875,000	20,030,000	21,105,000	22,519,000	23,890,000	29,566,000	30,356,000	30,950,000	31,471,000	31,250,000	30,816,000	30,283,000	29,453,000	28,065,000	26,719,200	24,798,600	22,283,700	20,392,100	19,546,200	19,405,400
Pretax margin		19.46%	18.91%	19.94%	20.06%	21.11%	22.93%	24.09%	25.82%	26.35%	26.19%	24.79%	25.14%	25.80%	25.14%	25.04%	23.66%	20.17%	19.27%	19.19%	17.65%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,646,000K ÷ $23,875,000K
= 19.46%

Danaher Corporation's pretax margin has shown a general increasing trend from March 31, 2020, to December 31, 2021, with fluctuations in subsequent periods. The pretax margin increased from 17.65% on March 31, 2020, to reach its peak of 25.80% on December 31, 2021. This upward trend indicates improving profitability before taking into account taxes and other expenses.

However, from March 31, 2022, to June 30, 2024, there was a slight decline in the pretax margin, dropping to as low as 18.91% on September 30, 2024, before increasing again to 19.46% by December 31, 2024. These fluctuations suggest potential challenges in maintaining consistent profitability levels.

Overall, Danaher Corporation's pretax margin performance indicates a strong profitability position, with fluctuations in recent periods that may require further analysis to understand the underlying factors impacting profitability.