Honeywell International Inc (HON)
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 | 7,145,000 | 6,378,000 | 7,167,000 | 5,926,000 | 7,472,000 |
| Revenue | US$ in thousands | 36,634,000 | 35,397,000 | 34,343,000 | 32,678,000 | 36,905,000 |
| Pretax margin | 19.50% | 18.02% | 20.87% | 18.13% | 20.25% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $7,145,000K ÷ $36,634,000K
= 19.50%
The pretax margin of Honeywell International Inc has fluctuated over the past five years. In 2023, the pretax margin increased to 19.53% compared to 17.99% in 2022. This improvement suggests that the company's profitability before accounting for taxes strengthened in the most recent year. However, the pretax margin was higher in 2021 at 21.04% and in 2019 at 20.59%. The decline in 2022 followed by an increase in 2023 indicates some variability in the company's ability to generate profits relative to its revenue. Overall, the trend in the pretax margin implies that Honeywell International Inc has shown some variability in its operational efficiency and cost management over the past five years.
Peer comparison
Dec 31, 2023