Dover Corporation (DOV)
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 | 1,842,151 | 1,867,732 | 1,835,864 | 1,782,598 | 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 |
| Revenue (ttm) | US$ in thousands | 8,185,610 | 8,361,500 | 8,531,230 | 8,453,060 | 8,438,140 | 8,471,560 | 8,476,580 | 8,535,210 | 8,508,090 | 8,358,150 | 8,218,130 | 8,091,090 | 7,907,090 | 7,698,240 | 7,428,230 | 6,895,730 | 6,683,770 | 6,678,970 | 6,756,050 | 7,067,580 |
| Pretax margin | 22.50% | 22.34% | 21.52% | 21.09% | 15.05% | 14.92% | 14.90% | 15.21% | 15.13% | 17.05% | 17.03% | 17.15% | 17.72% | 15.08% | 14.59% | 13.31% | 12.59% | 12.25% | 12.22% | 12.99% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,842,151K ÷ $8,185,610K
= 22.50%
Dover Corporation's pretax margin has shown fluctuations over the quarters in the period analyzed. The pretax margin started at 12.99% in March 2020 and remained relatively stable around the 12% range until the end of 2021.
From the first quarter of 2022, the pretax margin began to increase significantly, reaching a peak of 22.50% by the end of December 2024. This sharp increase in pretax margin suggests that Dover Corporation was able to effectively control operating expenses and generate higher pre-tax profits during this period.
It is essential to further investigate the reasons behind this notable improvement in pretax margin to determine if it is sustainable and if it indicates sound operational efficiency and profitability for Dover Corporation in the future.
Peer comparison
Dec 31, 2024