Dover Corporation (DOV)
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 | 1,270,006 | 1,264,188 | 1,262,759 | 1,298,092 | 1,287,505 | 1,424,805 | 1,399,291 | 1,387,279 | 1,400,826 | 1,160,521 | 1,083,999 | 917,484 | 841,734 | 818,348 | 825,281 | 918,191 | 777,783 | 962,096 | 825,760 | 670,999 |
| Revenue (ttm) | US$ in thousands | 8,306,830 | 8,343,940 | 8,351,560 | 8,417,010 | 8,391,630 | 8,247,240 | 8,110,580 | 7,983,870 | 7,805,410 | 7,618,220 | 7,346,360 | 6,811,020 | 6,601,570 | 6,596,770 | 6,702,130 | 7,043,160 | 7,136,400 | 7,169,760 | 7,091,820 | 7,079,200 |
| Pretax margin | 15.29% | 15.15% | 15.12% | 15.42% | 15.34% | 17.28% | 17.25% | 17.38% | 17.95% | 15.23% | 14.76% | 13.47% | 12.75% | 12.41% | 12.31% | 13.04% | 10.90% | 13.42% | 11.64% | 9.48% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,270,006K ÷ $8,306,830K
= 15.29%
Dover Corp.'s pretax margin has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 15.05%, slightly higher than the previous quarter's 14.92%. However, this figure was lower compared to the same period in the previous year, where the pretax margin stood at 15.13%.
It is notable that pretax margins were relatively stable around the 17% range during Q2 and Q3 of 2022, but showed a decrease starting from Q4 2022. The trend continued into 2023, with slight fluctuations in the 14-15% range.
Overall, the pretax margin for Dover Corp. appears to have tapered off from its previous levels in 2022, suggesting potential changes in the company's cost structure, revenue generation, or efficiency levels. Further analysis of the underlying factors driving these fluctuations would be necessary to fully understand the company's financial performance.
Peer comparison
Dec 31, 2023