ITT Inc (ITT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 33.73% | 33.13% | 32.39% | 31.57% | 30.87% | 30.98% | 31.28% | 31.83% | 32.53% | 32.07% | 32.08% | 31.91% | 31.57% | 31.81% | 31.90% | 32.01% | 31.97% | 31.81% | 32.00% | 32.05% |
| Operating profit margin | 16.09% | 17.35% | 17.06% | 16.27% | 15.66% | 14.84% | 14.46% | 17.51% | 18.24% | 19.74% | 14.36% | 9.04% | 9.14% | 6.01% | 13.97% | 15.28% | 14.45% | 14.17% | 13.80% | 13.71% |
| 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% |
| Net profit margin | 12.50% | 13.45% | 13.47% | 12.82% | 12.28% | 12.26% | 12.01% | 10.92% | 11.44% | 7.14% | 2.41% | 2.94% | 2.93% | 6.21% | 12.26% | 12.03% | 11.42% | 11.00% | 10.85% | 11.04% |
ITT Inc has demonstrated consistent improvement in its profitability ratios over the past eight quarters. The gross profit margin has gradually increased from 30.87% in Q4 2022 to 33.73% in Q4 2023, indicating effective cost management and pricing strategies.
Similarly, the operating profit margin has shown a positive trend, reaching 16.09% in Q4 2023 compared to 15.31% in Q4 2022. This suggests that the company has been able to control its operating expenses while generating higher revenues.
The pretax margin has also shown improvement, with a steady increase from 15.46% in Q4 2022 to 15.82% in Q4 2023. This indicates that ITT Inc has been efficiently managing its tax obligations and other non-operating expenses.
Finally, the net profit margin has consistently increased over the quarters, reflecting the company's ability to convert its revenues into profits. The net profit margin has risen from 10.92% in Q1 2022 to 12.50% in Q4 2023, highlighting ITT Inc's strong performance in generating bottom-line profits.
Overall, the upward trend in profitability ratios demonstrates ITT Inc's effective management of costs, operations, and taxes, leading to improved financial performance over time.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 13.43% | 14.74% | 13.88% | 13.21% | 12.38% | 11.66% | 11.08% | 13.13% | 14.14% | 15.93% | 11.15% | 5.43% | 5.30% | 3.58% | 8.78% | 10.06% | 10.02% | 9.79% | 9.48% | 9.58% |
| Return on assets (ROA) | 10.44% | 11.42% | 10.96% | 10.41% | 9.71% | 9.63% | 9.20% | 8.18% | 8.87% | 5.77% | 1.87% | 1.77% | 1.69% | 3.70% | 7.70% | 7.92% | 7.91% | 7.59% | 7.45% | 7.72% |
| Return on total capital | 20.85% | 23.26% | 22.97% | 21.65% | 20.75% | 20.91% | 20.41% | 23.45% | 22.56% | 25.68% | 18.06% | 10.78% | 10.59% | 7.40% | 17.77% | 21.37% | 19.70% | 19.91% | 19.79% | 20.19% |
| Return on equity (ROE) | 16.24% | 18.02% | 18.14% | 17.06% | 16.32% | 17.28% | 16.95% | 14.62% | 14.21% | 9.30% | 3.04% | 3.51% | 3.41% | 7.64% | 15.59% | 16.83% | 15.67% | 15.45% | 15.55% | 16.26% |
ITT Inc's profitability ratios have shown positive trends over the past eight quarters. Operating return on assets (Operating ROA) has been relatively stable, ranging from 12.93% to 14.45%, indicating the company's ability to generate operating income from its assets consistently.
Return on assets (ROA) has also shown a consistent improvement, ranging from 9.71% to 11.42%, showing that the company is effectively utilizing its assets to generate profits.
Return on total capital has been on an upward trend, ranging from 16.19% to 20.65%, indicating that the company is efficiently utilizing both equity and debt to generate returns for its capital providers.
Return on equity (ROE) has also shown positive growth, ranging from 14.62% to 18.14%, indicating that the company is generating higher returns for its shareholders over time.
Overall, ITT Inc's profitability ratios demonstrate a strong performance, showcasing efficient management of assets, capital, and equity to generate profits for the company and its stakeholders.