Danaher Corporation (DHR)

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	5,587,000	6,780,000	7,314,000	7,991,000	8,292,000	8,184,000	7,640,000	7,700,000	7,684,000	7,141,000	6,775,000	5,867,000	4,495,000	4,410,500	4,213,400	3,870,500	3,881,000	3,280,900	3,258,300	3,215,300
Revenue (ttm)	US$ in thousands	27,514,000	29,446,000	30,174,000	30,811,000	31,383,000	31,114,000	30,643,000	30,083,000	29,239,000	27,833,000	26,462,000	24,514,000	21,983,000	20,189,400	19,394,400	19,311,400	19,872,000	20,367,100	20,209,200	20,054,200
Pretax margin		20.31%	23.03%	24.24%	25.94%	26.42%	26.30%	24.93%	25.60%	26.28%	25.66%	25.60%	23.93%	20.45%	21.85%	21.72%	20.04%	19.53%	16.11%	16.12%	16.03%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,587,000K ÷ $27,514,000K
= 20.31%

Danaher Corp.'s pretax margin has exhibited a slight downward trend over the past quarters, from 26.35% in Q4 2022 to 21.11% in Q4 2023. This indicates a decrease in the company's ability to generate profits before accounting for taxes. While the pretax margin fluctuates on a quarterly basis, it is essential for investors to closely monitor this metric to assess Danaher Corp.'s operational efficiency and profitability. Further analysis of the reasons behind these fluctuations would provide valuable insights into the company's financial performance and overall business strategy.