Graco Inc (GGG)
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 | 608,802 | 635,231 | 613,423 | 600,151 | 565,724 | 540,967 | 520,249 | 505,651 | 508,465 | 508,748 | 508,009 | 418,285 | 374,651 | 345,678 | 321,471 | 387,257 | 405,877 | 395,388 | 406,636 | 404,061 |
| Revenue (ttm) | US$ in thousands | 2,195,606 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 | 1,646,045 | 1,640,191 | 1,655,572 | 1,651,814 |
| Pretax margin | 27.73% | 29.09% | 28.01% | 27.54% | 26.39% | 25.42% | 25.14% | 24.94% | 25.58% | 26.52% | 27.15% | 24.17% | 22.70% | 21.71% | 20.70% | 23.98% | 24.66% | 24.11% | 24.56% | 24.46% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $608,802K ÷ $2,195,606K
= 27.73%
The pretax margin of Graco Inc has shown a generally positive trend over the past five quarters, increasing from 24.56% in March 2019 to 29.09% in September 2023. This indicates that the company's profitability before accounting for taxes has been steadily improving. The pretax margin represents the percentage of revenue that translates into pre-tax profit, reflecting the company's ability to manage its expenses and generate operating income. Graco Inc's consistent growth in pretax margin suggests effective cost management strategies and operational efficiency, which are favorable indicators of financial health and sustainable performance.
Peer comparison
Dec 31, 2023