Franklin Electric Co Inc (FELE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 231,847 | 242,223 | 235,227 | 189,706 | 123,697 |
| Revenue | US$ in thousands | 2,021,340 | 2,065,130 | 2,043,710 | 1,661,860 | 1,247,330 |
| Pretax margin | 11.47% | 11.73% | 11.51% | 11.42% | 9.92% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $231,847K ÷ $2,021,340K
= 11.47%
The pretax margin of Franklin Electric Co Inc has shown a consistent improvement over the five-year period from 2020 to 2024. Starting at 9.92% in 2020, it increased steadily to reach 11.47% in 2024. This signifies that the company has been effectively managing its operating expenses and generating higher pre-tax profits relative to its revenue. The upward trend in pretax margin indicates improved operational efficiency and profitability, reflecting positively on the company's overall financial performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
Pretax margin
Franklin Electric Co Inc
FELE
11.47%
Generac Holdings Inc
GNRC
9.53%
Regal Beloit Corporation
RRX
4.11%