Flowserve Corporation (FLS)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 386,154 | 351,878 | 311,197 | 287,357 | 223,749 | 217,019 | 218,064 | 199,319 | 154,373 | 110,471 | 109,395 | 102,137 | 133,587 | 174,098 | 205,044 | 170,785 | 187,632 | 212,988 | 236,876 | 303,567 |
| Revenue (ttm) | US$ in thousands | 4,557,810 | 4,542,640 | 4,504,270 | 4,427,760 | 4,320,585 | 4,194,365 | 3,972,526 | 3,774,368 | 3,615,121 | 3,495,617 | 3,488,854 | 3,504,810 | 3,541,060 | 3,606,912 | 3,665,095 | 3,691,882 | 3,729,031 | 3,811,893 | 3,884,136 | 3,949,255 |
| Pretax margin | 8.47% | 7.75% | 6.91% | 6.49% | 5.18% | 5.17% | 5.49% | 5.28% | 4.27% | 3.16% | 3.14% | 2.91% | 3.77% | 4.83% | 5.59% | 4.63% | 5.03% | 5.59% | 6.10% | 7.69% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $386,154K ÷ $4,557,810K
= 8.47%
Flowserve Corporation's pretax margin has exhibited fluctuating trends over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 7.69% in March 2020, showing a gradual decline to a low of 2.91% by March 31, 2022. Subsequently, there was a recovery, with an upward trend seen from June 30, 2022, onwards. Notably, there was a substantial increase in pretax margin from September 30, 2024, reaching 7.75% by that quarter-end, and further rising to 8.47% by December 31, 2024.
This upward trend suggests improvements in the company's efficiency in generating profits before accounting for taxes, indicating better cost management or revenue growth relative to costs. However, it is important to further analyze the factors driving these changes in the pretax margin to understand the sustainability and underlying reasons behind the fluctuations observed.
Peer comparison
Dec 31, 2024