ITT Inc (ITT)

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	515,300	458,100	505,900	87,800	415,000
Revenue	US$ in thousands	3,283,000	2,987,700	2,765,000	2,477,800	2,846,400
Pretax margin		15.70%	15.33%	18.30%	3.54%	14.58%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $515,300K ÷ $3,283,000K
= 15.70%

ITT Inc's pretax margin has fluctuated over the past five years. In 2023, the pretax margin was 15.82%, showing a slight increase from 2022 when it was 15.46%. The margin was significantly higher in 2021 at 18.41%, but experienced a dip in 2020 to 3.44%. The pretax margin then rebounded in 2019 to 14.56%. Overall, the company has demonstrated variability in its ability to generate profits before taxes, with 2021 standing out as a particularly strong year in terms of profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

ITT Inc

ITT

15.70%

Enovis Corp

ENOV

-2.74%

Flowserve Corporation