ITT Inc (ITT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 515,300 | 546,000 | 524,100 | 483,900 | 458,100 | 422,200 | 405,000 | 489,300 | 505,900 | 416,800 | 252,200 | 89,200 | 87,800 | 151,600 | 367,300 | 433,500 | 415,000 | 397,000 | 381,100 | 373,600 |
| Revenue (ttm) | US$ in thousands | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 | 2,846,400 | 2,805,700 | 2,774,400 | 2,751,300 |
| Pretax margin | 15.70% | 16.91% | 16.59% | 15.82% | 15.33% | 14.57% | 14.29% | 17.52% | 18.30% | 14.95% | 9.38% | 3.55% | 3.54% | 6.09% | 14.08% | 15.40% | 14.58% | 14.15% | 13.74% | 13.58% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $515,300K ÷ $3,283,000K
= 15.70%
ITT Inc's pretax margin has shown a stable trend over the past eight quarters, ranging from a low of 14.45% in Q2 2022 to a high of 17.01% in Q3 2023. The average pretax margin over this period is approximately 16.14%. The company's ability to generate profits before taxes has been consistent, with only minor fluctuations. It is worth noting that the pretax margin in Q1 and Q4 of 2022 were slightly below the average, while Q3 of 2023 demonstrated a notable improvement. Overall, ITT Inc's pretax margin indicates a reasonable level of profitability, albeit with modest variations over the quarters analyzed.
Peer comparison
Dec 31, 2023