FMC Corporation (FMC)
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 | 202,200 | 586,800 | 719,900 | 869,100 | 881,700 | 803,000 | 814,900 | 864,100 | 831,100 | 742,100 | 703,000 | 678,500 | 702,700 | 617,000 | 586,300 | 577,800 | 588,900 | 578,000 | 573,700 | 497,200 |
| Revenue (ttm) | US$ in thousands | 4,475,000 | 4,961,900 | 5,367,100 | 5,804,900 | 5,818,300 | 5,592,300 | 5,402,800 | 5,191,300 | 5,034,800 | 4,780,000 | 4,671,900 | 4,586,400 | 4,642,100 | 4,687,200 | 4,616,900 | 4,667,700 | 4,609,800 | 4,954,400 | 4,863,700 | 4,812,000 |
| Pretax margin | 4.52% | 11.83% | 13.41% | 14.97% | 15.15% | 14.36% | 15.08% | 16.65% | 16.51% | 15.53% | 15.05% | 14.79% | 15.14% | 13.16% | 12.70% | 12.38% | 12.77% | 11.67% | 11.80% | 10.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $202,200K ÷ $4,475,000K
= 4.52%
The pretax margin of FMC Corp. has displayed some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 6.69%, which was a decrease from the previous quarter's 13.93%. This decline may indicate a decrease in profitability before accounting for taxes or a potential increase in operating expenses.
Looking back over the eight quarters, the pretax margin reached its peak at 18.06% in Q1 2022 and had been relatively stable around the mid-teen percentages until the recent decline. The overall trend shows a general variability in the pretax margin, with no clear pattern emerging over the period analyzed.
Further analysis of the factors influencing the pretax margin, such as changes in revenue, costs, and operational efficiencies, would be necessary to provide a more in-depth understanding of the financial performance of FMC Corp.
Peer comparison
Dec 31, 2023