Dover Corporation (DOV)
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 | 1,270,010 | 1,287,500 | 1,400,830 | 841,734 | 843,009 |
| Revenue | US$ in thousands | 8,306,830 | 8,391,830 | 7,800,760 | 6,577,040 | 7,136,400 |
| Pretax margin | 15.29% | 15.34% | 17.96% | 12.80% | 11.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,270,010K ÷ $8,306,830K
= 15.29%
Dover Corp.'s pretax margin has shown fluctuations over the past five years, ranging from 11.81% in 2019 to 17.72% in 2021. The pretax margin measures the efficiency of Dover Corp. in generating profits before taxes from its operations. The downward trend from 2021 to 2023 may indicate potential challenges in controlling costs, managing expenses, or sustaining profit levels relative to the company's revenues. However, overall, Dover Corp. has maintained a relatively healthy pretax margin, averaging around 14-16% during this period. Further analysis of the company's operational and financial strategies would be necessary to fully understand the drivers behind these margin fluctuations.
Peer comparison
Dec 31, 2023