IDEX Corporation (IEX)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 639,300 | 628,300 | 735,700 | 735,000 | 760,300 | 783,600 | 750,200 | 748,800 | 749,400 | 739,100 | 661,757 | 614,533 | 579,752 | 556,423 | 526,641 | 488,460 | 470,340 | 462,505 | 470,446 | 523,401 |
| Revenue (ttm) | US$ in thousands | 3,268,800 | 3,194,800 | 3,190,000 | 3,229,000 | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,019 | 2,863,866 | 2,764,802 | 2,664,824 | 2,533,918 | 2,409,220 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 |
| Pretax margin | 19.56% | 19.67% | 23.06% | 22.76% | 23.22% | 23.78% | 22.55% | 22.86% | 23.55% | 23.95% | 22.25% | 21.46% | 20.97% | 20.88% | 20.78% | 20.27% | 20.00% | 19.74% | 19.72% | 21.22% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $639,300K ÷ $3,268,800K
= 19.56%
The pretax margin of IDEX Corporation has exhibited some fluctuations over the past few years. The pretax margin was relatively stable around the 20% mark for most quarters from March 2020 to June 2021. However, it showed a slight increase to around 21% by March 2022, followed by a significant jump to 23.95% by September 2022. The pretax margin remained high through the end of 2023 but experienced a slight decline to around 22% by June 2024. There was a noticeable decrease in the pretax margin in the last two quarters of 2024, dropping to around 19.5%.
Overall, IDEX Corporation has generally maintained a healthy pretax margin, showing periods of improvement and slight decline within this timeframe. It is important for the company to monitor and manage its profitability metrics effectively to sustain its financial performance in the long term.
Peer comparison
Dec 31, 2024