Ecolab Inc (ECL)
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 | 1,734,800 | 1,846,100 | 1,752,600 | 1,721,200 | 1,652,900 | 1,708,700 | 1,699,700 | 1,711,700 | 1,753,900 | 1,810,900 | 1,704,300 | -708,400 | -637,700 | -877,600 | -621,700 | 1,851,500 | 1,847,500 | 1,874,200 | 1,805,200 | 1,803,400 |
| Revenue (ttm) | US$ in thousands | 15,449,600 | 15,182,400 | 14,907,900 | 14,648,300 | 14,354,100 | 14,047,500 | 13,672,600 | 13,250,700 | 12,855,500 | 12,556,200 | 12,174,900 | 11,647,600 | 12,356,200 | 13,114,500 | 13,914,900 | 14,930,100 | 14,845,200 | 14,782,100 | 14,706,100 | 14,631,000 |
| Pretax margin | 11.23% | 12.16% | 11.76% | 11.75% | 11.52% | 12.16% | 12.43% | 12.92% | 13.64% | 14.42% | 14.00% | -6.08% | -5.16% | -6.69% | -4.47% | 12.40% | 12.45% | 12.68% | 12.28% | 12.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,734,800K ÷ $15,449,600K
= 11.23%
The pretax margin of Ecolab, Inc. has shown fluctuations over the past few quarters. In Q4 2023, the pretax margin increased to 11.46%, a notable improvement from the previous quarter's 10.23% in Q3 2023. However, the pretax margin has been consistently above 9% for the past eight quarters, indicating the company's ability to generate profits before taxes relative to its total revenue. Although there was a slight dip in Q1 and Q2 2023 compared to the previous quarters, the pretax margin remained relatively stable around the 10% mark throughout 2022. This demonstrates Ecolab's efficiency in managing costs and generating earnings, albeit with some variability in performance from quarter to quarter.
Peer comparison
Dec 31, 2023