Franklin Electric Co Inc (FELE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 240,761 | 233,732 | 188,591 | 123,040 | 116,283 |
| Revenue | US$ in thousands | 2,041,220 | 2,024,940 | 1,654,440 | 1,241,280 | 1,304,690 |
| Pretax margin | 11.79% | 11.54% | 11.40% | 9.91% | 8.91% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $240,761K ÷ $2,041,220K
= 11.79%
The pretax margin of Franklin Electric Co., Inc. has shown a generally increasing trend over the past five years, starting at 8.95% in 2019 and reaching 11.73% in 2023. This indicates that the company has been able to effectively control its operating expenses in relation to its total revenue over the years. The slight fluctuations in the pretax margin from year to year are generally within a narrow range, suggesting consistent management of costs and profitability. Overall, the upward trend in pretax margin reflects improving efficiency and profitability in the company's operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Franklin Electric Co Inc
FELE
11.79%
Generac Holdings Inc
GNRC
7.33%
Regal Beloit Corporation
RRX
-0.08%