Genuine Parts Co (GPC)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,175,968 | 1,427,768 | 1,595,235 | 1,663,123 | 1,742,348 | 1,660,938 | 1,613,814 | 1,651,292 | 1,572,602 | 1,581,125 | 1,462,163 | 1,240,203 | 1,200,346 | 1,079,986 | 1,078,677 | 504,634 | 397,720 | 184,300 | 191,168 | 797,733 |
| Revenue (ttm) | US$ in thousands | 23,486,570 | 23,302,280 | 23,156,680 | 23,109,120 | 23,090,610 | 23,028,380 | 22,879,050 | 22,566,450 | 22,095,970 | 21,375,530 | 20,519,110 | 19,700,440 | 18,870,510 | 18,318,890 | 17,870,130 | 16,909,620 | 17,004,440 | 17,459,040 | 18,103,970 | 19,215,000 |
| Pretax margin | 5.01% | 6.13% | 6.89% | 7.20% | 7.55% | 7.21% | 7.05% | 7.32% | 7.12% | 7.40% | 7.13% | 6.30% | 6.36% | 5.90% | 6.04% | 2.98% | 2.34% | 1.06% | 1.06% | 4.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,175,968K ÷ $23,486,570K
= 5.01%
Genuine Parts Co's pretax margin has shown fluctuations over the periods under review. The pretax margin, which represents the profitability of the company before accounting for taxes, started at 4.15% on March 31, 2020, then decreased significantly to 1.06% by June 30, 2020, and remained at the same level in the following quarter.
Subsequently, there was an improvement in the pretax margin to 2.34% by December 31, 2020, and further increases in the following periods. The pretax margin reached its peak at 7.55% on December 31, 2023. However, after that point, there was a downward trend noted in the pretax margin performance. By December 31, 2024, the pretax margin had declined to 5.01%.
Overall, Genuine Parts Co experienced fluctuations in its pretax margin performance, with periods of improvement and periods of decline. It is essential for investors and analysts to closely monitor these changes in pretax margin as it indicates the company's ability to generate profits before accounting for taxes.