General Dynamics Corporation (GD)
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 | 3,984,000 | 4,036,000 | 3,873,000 | 3,738,000 | 4,202,000 |
| Revenue | US$ in thousands | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 | 39,350,000 |
| Pretax margin | 9.42% | 10.24% | 10.07% | 9.86% | 10.68% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,984,000K ÷ $42,272,000K
= 9.42%
The pretax margin of General Dynamics Corp. has fluctuated over the past five years, ranging from 9.42% to 10.68%. In general, the company has maintained a relatively stable pretax margin, with a slight decrease from 2022 to 2023. This indicates that, on average, General Dynamics Corp. generates approximately 9.42% to 10.68% in pre-tax profit for every dollar of revenue generated. The trend suggests that the company has effectively managed its operating expenses and has been able to generate consistent profits before accounting for taxes. However, it may be worth analyzing the factors contributing to the slight decline in the pretax margin in 2023 to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023