IDEX Corporation (IEX)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 760,800 | 783,800 | 750,300 | 748,900 | 749,600 | 739,400 | 662,100 | 614,800 | 579,900 | 556,368 | 526,516 | 488,280 | 470,178 | 462,460 | 470,406 | 523,392 | 532,895 | 539,670 | 543,717 | 535,808 |
| Revenue (ttm) | US$ in thousands | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,000 | 2,863,900 | 2,764,800 | 2,664,822 | 2,533,935 | 2,409,184 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 | 2,494,573 | 2,502,670 | 2,501,312 | 2,493,573 |
| Pretax margin | 23.24% | 23.78% | 22.56% | 22.86% | 23.56% | 23.96% | 22.26% | 21.47% | 20.97% | 20.88% | 20.78% | 20.27% | 19.99% | 19.74% | 19.72% | 21.22% | 21.36% | 21.56% | 21.74% | 21.49% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $760,800K ÷ $3,273,900K
= 23.24%
Idex Corporation's pretax margin has displayed relative stability over the past eight quarters, ranging from 21.46% to 23.95%. The pretax margin indicates that, on average, the company has been able to generate a profit before accounting for taxes equivalent to approximately 22-24% of its total revenue. This implies efficient cost management and effective revenue generation strategies.
The slight fluctuations in the pretax margin suggest that the company has been able to maintain profitability despite potential economic challenges or changes in its operating environment. However, it may be beneficial for the company to closely monitor and potentially improve its cost structure or revenue streams to ensure sustained profitability in the future.
Overall, Idex Corporation's consistent pretax margin at around 22-24% indicates a solid operational performance and financial stability in the recent quarters.
Peer comparison
Dec 31, 2023