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