International Business Machines (IBM)
Pretax margin
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 7,343,000 | 5,913,000 | 8,730,000 | 8,678,000 | 8,070,000 | 1,724,000 | 1,371,000 | 1,014,000 | 599,000 | 5,988,000 | 5,765,000 | 5,866,000 | 4,011,000 | 4,931,000 | 5,075,000 | 4,229,000 | 6,668,000 | 6,363,000 | 7,560,000 | 9,491,000 |
| Revenue (ttm) | US$ in thousands | 64,365,000 | 61,563,000 | 62,070,000 | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 |
| Pretax margin | 11.41% | 9.60% | 14.06% | 14.03% | 13.19% | 2.85% | 2.26% | 1.68% | 0.99% | 10.03% | 9.88% | 10.23% | 9.42% | 10.52% | 9.99% | 7.66% | 11.99% | 11.35% | 13.24% | 16.44% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,343,000K ÷ $64,365,000K
= 11.41%
The pretax margin of International Business Machines (IBM) has displayed some fluctuations over the periods provided.
From December 31, 2019, to March 31, 2020, there was a decrease in the pretax margin from 16.44% to 13.24%. This decline continued into June 30, 2020, reaching 11.35%. However, there was a slight improvement in the following quarter, with a pretax margin of 11.99% on September 30, 2020.
A more significant drop occurred by December 31, 2020, with the pretax margin falling to 7.66%. There was a partial recovery by March 31, 2021, up to 9.99%, and a further increase to 10.52% by June 30, 2021. However, the pretax margin declined to 9.42% by September 30, 2021, before rising again to 10.23% by December 31, 2021.
The trend continued with some fluctuations over the subsequent periods, with the pretax margin sitting at 11.41% by December 31, 2024 - displaying a recovery from the low points experienced earlier. Notably, the pretax margin had dropped significantly to 0.99% by September 30, 2022, indicating potential challenges during that period.
Overall, the pretax margin of IBM has shown variability over the quarters provided in the data, reflecting fluctuations in the company's profitability before tax expenses are accounted for.
Peer comparison
Dec 31, 2024