Dover Corporation (DOV)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,757,020 | 1,270,010 | 1,287,500 | 1,400,830 | 841,734 |
| Revenue | US$ in thousands | 7,745,910 | 8,438,130 | 8,508,090 | 7,907,080 | 6,683,760 |
| Pretax margin | 22.68% | 15.05% | 15.13% | 17.72% | 12.59% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,757,020K ÷ $7,745,910K
= 22.68%
Dover Corporation's pretax margin has shown fluctuations over the past few years. In 2020, the pretax margin stood at 12.59%, indicating that for every dollar of revenue generated, the company retained $0.1259 in pretax profit. Subsequently, there was a significant improvement in 2021, with the pretax margin increasing to 17.72%, reflecting enhanced profitability.
Although there was a slight dip in the pretax margin in 2022 to 15.13%, the company managed to maintain profitability. In 2023, Dover Corporation's pretax margin remained relatively stable at 15.05%, indicating consistent performance in managing costs and expenses relative to its revenue.
Notably, there was a substantial improvement in profitability in 2024, with the pretax margin surging to 22.68%. This significant increase suggests that Dover Corporation effectively controlled its expenses and operating costs, leading to higher pretax profits relative to revenue.
Overall, Dover Corporation's pretax margin performance demonstrates a mix of fluctuations and improvements over the specified period, showcasing the company's ability to adapt to changing market conditions and effectively manage its financial operations.
Peer comparison
Dec 31, 2024