Flowserve Corporation (FLS)
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 | 386,155 | 223,750 | 154,376 | 133,588 | 186,812 |
| Revenue | US$ in thousands | 4,557,810 | 4,320,580 | 3,615,120 | 3,541,060 | 3,728,130 |
| Pretax margin | 8.47% | 5.18% | 4.27% | 3.77% | 5.01% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $386,155K ÷ $4,557,810K
= 8.47%
Flowserve Corporation's pretax margin, which measures the profitability before taxes, has shown fluctuations over the past five years. The pretax margin was 5.01% as of December 31, 2020, indicating that for every dollar of revenue generated, the company retained 5.01 cents as pre-tax profit. However, this margin decreased to 3.77% by December 31, 2021, reflecting a decline in profitability.
In the subsequent years, there was some improvement in performance as the pretax margin increased to 4.27% by December 31, 2022, and further to 5.18% by December 31, 2023. This upward trend suggests that the company efficiently managed its operating expenses and generated higher profits relative to revenue during these periods.
Notably, the pretax margin experienced a significant surge to 8.47% by December 31, 2024, signifying a substantial increase in profitability. This notable improvement may indicate enhanced operational efficiency, cost control measures, or increased revenue generation strategies.
Overall, the pretax margin trend for Flowserve Corporation shows variability but demonstrates an improvement in profitability in recent years, culminating in a significant upswing in the latest period analyzed. This suggests positive momentum in the company's financial performance.
Peer comparison
Dec 31, 2024