IDEX Corporation (IEX)
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 | 760,800 | 749,600 | 579,900 | 470,300 | 532,900 |
| Revenue | US$ in thousands | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,600 | 2,494,600 |
| Pretax margin | 23.24% | 23.56% | 20.97% | 20.00% | 21.36% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $760,800K ÷ $3,273,900K
= 23.24%
The pretax margin of Idex Corporation has shown relatively stable performance over the past five years. The margin ranged from 20.00% to 23.55%, with the highest being in 2022. This indicates that the company has been effectively managing its operational expenses in relation to its revenue before accounting for taxes. The overall trend suggests that Idex Corporation has maintained a healthy level of profitability before tax deductions, demonstrating consistent operational efficiency. It is essential for the company to continue monitoring and managing its costs to sustain and potentially improve its pretax margin in the future.
Peer comparison
Dec 31, 2023