Franklin Electric Co Inc (FELE)
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 | 240,761 | 242,278 | 241,738 | 244,128 | 233,685 | 236,652 | 221,229 | 193,460 | 188,591 | 169,249 | 159,116 | 142,118 | 123,055 | 113,936 | 109,834 | 118,970 | 116,308 | 121,588 | 114,981 | 111,824 |
| Revenue (ttm) | US$ in thousands | 2,041,219 | 2,056,177 | 2,068,471 | 2,054,878 | 2,024,939 | 1,973,102 | 1,885,052 | 1,771,958 | 1,654,390 | 1,542,467 | 1,435,189 | 1,306,706 | 1,241,381 | 1,242,820 | 1,241,335 | 1,287,613 | 1,310,047 | 1,306,547 | 1,295,924 | 1,283,749 |
| Pretax margin | 11.79% | 11.78% | 11.69% | 11.88% | 11.54% | 11.99% | 11.74% | 10.92% | 11.40% | 10.97% | 11.09% | 10.88% | 9.91% | 9.17% | 8.85% | 9.24% | 8.88% | 9.31% | 8.87% | 8.71% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $240,761K ÷ $2,041,219K
= 11.79%
The pretax margin for Franklin Electric Co., Inc. has shown relatively stable performance over the past eight quarters, ranging from 10.93% to 12.13%. During Q2 2022, the company recorded the lowest pretax margin at 10.93%, while the highest pretax margin was achieved in Q1 2023 at 12.13%. Overall, the pretax margin has remained above 11% for most quarters, indicating that the company has been able to generate a consistent level of pre-tax profit relative to its total revenue. Management should continue to monitor and optimize cost structures and revenue generation strategies to maintain and potentially improve the pretax margin in the future.
Peer comparison
Dec 31, 2023