Huntington Ingalls Industries Inc (HII)
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 | 853,000 | 719,000 | 622,000 | 810,000 | 683,000 |
| Revenue | US$ in thousands | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 | 8,899,000 |
| Pretax margin | 7.45% | 6.73% | 6.53% | 8.65% | 7.68% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $853,000K ÷ $11,454,000K
= 7.45%
The pretax margin of Huntington Ingalls Industries Inc has shown some fluctuation over the past five years. In 2023, the pretax margin stands at 7.45%, representing a slight increase from the previous year's margin of 6.73%. This improvement indicates that the company was able to generate more profit before tax for every dollar of revenue in 2023 compared to 2022.
However, when compared to the margins in 2021 and 2020, which were 6.53% and 8.65% respectively, the pretax margin for 2023 falls within the range of those years. The highest pretax margin in recent years was in 2020 at 8.65%, and the lowest was in 2021 at 6.53%.
Overall, while 2023 saw a modest increase in the pretax margin for Huntington Ingalls Industries Inc, the company has experienced varying levels of profitability before tax in the past five years. Monitoring future trends and the company's ability to sustain or improve margins will be important for investors and stakeholders.
Peer comparison
Dec 31, 2023