Flowserve Corporation (FLS)

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	205,343	145,050	123,355	191,837	314,321
Revenue	US$ in thousands	4,277,980	3,600,590	3,412,060	3,653,870	3,909,500
Pretax margin		4.80%	4.03%	3.62%	5.25%	8.04%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $205,343K ÷ $4,277,980K
= 4.80%

Flowserve Corp.'s pretax margin has fluctuated over the past five years, ranging from 3.77% in 2021 to 8.67% in 2019. In 2020, the pretax margin was 5.01%, slightly below the 5-year average. The company saw a notable improvement in 2023 with a pretax margin of 5.18%, surpassing the prior two years. This indicates that Flowserve Corp. has been able to generate more earnings before taxes in relation to its revenue in 2023. Overall, while there have been fluctuations, the recent increase in pretax margin suggests potential improvements in the company's profitability performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Flowserve Corporation

FLS

4.80%