FMC Corporation (FMC)

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 252,500 31,600 -8,900 59,700 300,200 691,200 829,700 963,300 983,900 876,600 884,900 939,400 893,800 761,000 731,100 704,900 729,800 688,900 659,500 659,500
Revenue (ttm) US$ in thousands 4,246,100 4,167,900 4,084,400 4,060,500 4,486,800 4,962,700 5,358,000 5,795,800 5,802,300 5,593,900 5,410,700 5,200,400 5,045,200 4,783,800 4,674,400 4,587,700 4,642,100 4,687,200 4,616,900 4,667,700
Pretax margin 5.95% 0.76% -0.22% 1.47% 6.69% 13.93% 15.49% 16.62% 16.96% 15.67% 16.35% 18.06% 17.72% 15.91% 15.64% 15.36% 15.72% 14.70% 14.28% 14.13%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $252,500K ÷ $4,246,100K
= 5.95%

The pretax margin of FMC Corporation has shown fluctuations over the past few years, ranging from a low of -0.22% in June 30, 2024, to a high of 18.06% in March 31, 2022. The trend indicates a general upward trajectory from the beginning of the period, with a notable increase in profitability observed until December 31, 2021. However, there was a significant decline in pretax margin towards the end of the period, dropping sharply to 6.69% by December 31, 2023, and further decreasing to 1.47% by March 31, 2024.

The inconsistency in the pretax margin suggests potential challenges or changes in the company's operational efficiency and profitability. Further analysis of the company's financial performance, cost management strategies, revenue generation, and overall business operations would be necessary to understand the factors contributing to these fluctuations in pretax margin.