General Dynamics Corporation (GD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,540,000 | 3,984,000 | 4,036,000 | 3,873,000 | 3,738,000 |
| Revenue | US$ in thousands | 47,716,000 | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 |
| Pretax margin | 9.51% | 9.42% | 10.24% | 10.07% | 9.86% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,540,000K ÷ $47,716,000K
= 9.51%
General Dynamics Corporation's pretax margin, a measure of a company's efficiency in generating profits before taxes, has shown fluctuations over the years as per the provided data. From December 31, 2020, to December 31, 2021, the pretax margin increased from 9.86% to 10.07%, indicating improved profitability. This upward trend continued into December 31, 2022, reaching 10.24%, showcasing further enhancement in the company's ability to control costs and generate higher earnings.
However, in December 31, 2023, there was a slight decline in the pretax margin to 9.42%, which may indicate potential challenges or increased expenses affecting profitability. This was followed by a marginal increase to 9.51% by December 31, 2024. Overall, General Dynamics Corporation has demonstrated resilience in maintaining its pretax margin above 9% over the years, reflecting a reasonable level of profitability despite some fluctuations.
Peer comparison
Dec 31, 2024