Graco Inc (GGG)
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 | 608,802 | 565,724 | 508,465 | 374,651 | 405,877 |
| Revenue | US$ in thousands | 2,195,610 | 2,143,520 | 1,987,610 | 1,650,120 | 1,646,040 |
| Pretax margin | 27.73% | 26.39% | 25.58% | 22.70% | 24.66% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $608,802K ÷ $2,195,610K
= 27.73%
The pretax margin of Graco Inc has displayed a generally positive trend over the past five years, with a consistent increase from 24.66% in 2019 to 27.73% in 2023. This indicates the company's ability to efficiently manage its operating expenses in relation to its revenue before accounting for taxes. The upward movement in pretax margin suggests improved profitability and operational efficiency for Graco Inc during this period. Overall, the company's performance in terms of pretax margin has shown a positive trajectory, reflecting sound financial management practices and potentially stronger bottom-line results.
Peer comparison
Dec 31, 2023