Ingersoll Rand Inc (IR)
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 | 1,018,700 | 754,300 | 540,700 | -21,900 | 172,000 |
| Revenue | US$ in thousands | 6,876,100 | 5,916,300 | 5,152,400 | 3,973,200 | 2,017,500 |
| Pretax margin | 14.82% | 12.75% | 10.49% | -0.55% | 8.53% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,018,700K ÷ $6,876,100K
= 14.82%
Ingersoll-Rand Inc's pretax margin has shown a positive trend over the past five years, reflecting the company's improving profitability before taxes. The pretax margin increased from 7.79% in 2019 to 14.91% in 2023, indicating a significant enhancement in the company's efficiency in generating profits. The steady improvement in pretax margin signifies that the company has been able to effectively manage costs and increase revenue streams. This growth trajectory suggests that Ingersoll-Rand Inc has been successful in optimizing its operations and maximizing its profitability over the years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Ingersoll Rand Inc
IR
14.82%
Gates Industrial Corporation plc
GTES
7.32%
Illinois Tool Works Inc
ITW
24.19%
Zebra Technologies Corporation
ZBRA
7.29%
Zurn Elkay Water Solutions Corporation
ZWS
10.15%