ITT Inc (ITT)

Pretax margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Earnings before tax but after interest (EBT) US$ in thousands 644,100 515,300 458,100 505,900 87,800
Revenue US$ in thousands 3,630,700 3,283,000 2,987,700 2,765,000 2,477,800
Pretax margin 17.74% 15.70% 15.33% 18.30% 3.54%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $644,100K ÷ $3,630,700K
= 17.74%

ITT Inc's pretax margin has shown significant fluctuations over the past five years. In December 2020, the pretax margin was relatively low at 3.54%, indicating lower profitability before accounting for taxes. However, there was a notable improvement in December 2021, with the pretax margin increasing to 18.30%, reflecting a substantial increase in profitability.

In the following years, ITT Inc's pretax margin remained relatively stable, ranging from 15.33% in December 2022 to 17.74% in December 2024. These margins suggest that ITT Inc has maintained a healthy level of profitability before tax expenses, demonstrating consistency in its operational efficiency.

Overall, the fluctuation in ITT Inc's pretax margin over the years indicates a mix of factors impacting the company's profitability, such as changes in revenue, costs, and operational efficiency. It will be essential for ITT Inc to continue monitoring and managing its pretax margin to sustain and potentially enhance its financial performance in the future.