IDEX Corporation (IEX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 639,300 | 760,300 | 749,400 | 579,800 | 470,340 |
| Revenue | US$ in thousands | 3,268,800 | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,650 |
| Pretax margin | 19.56% | 23.22% | 23.55% | 20.97% | 20.00% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $639,300K ÷ $3,268,800K
= 19.56%
The pretax margin of IDEX Corporation has shown a generally positive trend over the past five years, starting at 20.00% in December 2020 and reaching its peak at 23.55% in December 2022. This indicates that the company has been efficiently managing its operating expenses relative to its total revenue during this period. However, there was a slight dip in the pretax margin in December 2023 to 23.22%, followed by a more noticeable decrease to 19.56% in December 2024.
The variation in pretax margin over these years could be attributed to changes in the company's cost structure, pricing strategies, and overall business performance. It is important for IDEX Corporation to closely monitor and analyze the factors affecting its pretax margin to ensure sustained profitability and financial stability.
Peer comparison
Dec 31, 2024