Exponent Inc (EXPO)
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 | 135,896 | 136,327 | 135,786 | 134,965 | 132,234 | 130,370 | 129,283 | 128,518 | 125,837 | 124,011 | 116,260 | 103,007 | 96,936 | 96,913 | 97,486 | 104,923 | 104,190 | 99,343 | 98,121 | 94,189 |
| Revenue (ttm) | US$ in thousands | 536,766 | 541,221 | 535,064 | 525,124 | 513,293 | 499,444 | 488,670 | 478,266 | 466,269 | 456,002 | 438,260 | 410,428 | 399,900 | 406,775 | 409,660 | 424,121 | 417,199 | 399,228 | 392,982 | 382,097 |
| Pretax margin | 25.32% | 25.19% | 25.38% | 25.70% | 25.76% | 26.10% | 26.46% | 26.87% | 26.99% | 27.20% | 26.53% | 25.10% | 24.24% | 23.82% | 23.80% | 24.74% | 24.97% | 24.88% | 24.97% | 24.65% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $135,896K ÷ $536,766K
= 25.32%
Exponent Inc's pretax margin has shown relatively stable performance over the past several quarters, ranging between 23.80% to 27.20%. The pretax margin measures the company's efficiency in generating profits before accounting for taxes, indicating that Exponent Inc has been able to effectively manage its operating expenses and generate income.
The consistent pretax margin above 25% reflects the company's ability to maintain a healthy level of profitability in relation to its revenues. However, there was a slight decrease in the pretax margin from the first quarter of 2023 to the fourth quarter of 2023, indicating potential challenges in managing costs or generating revenues during that period.
Overall, Exponent Inc's pretax margin trend suggests that the company has been successful in controlling costs and maintaining profitability, which is a positive indicator of its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023