Illinois Tool Works Inc (ITW)
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 | 4,422,000 | 3,823,000 | 3,842,000 | 3,326,000 | 2,704,000 |
| Revenue | US$ in thousands | 15,898,000 | 16,107,000 | 15,932,000 | 14,455,000 | 12,574,000 |
| Pretax margin | 27.81% | 23.74% | 24.11% | 23.01% | 21.50% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,422,000K ÷ $15,898,000K
= 27.81%
Illinois Tool Works Inc's pretax margin has shown a positive trend from 2020 to 2024. The company's pretax margin increased steadily from 21.50% in 2020 to 27.81% in 2024. This indicates an improvement in the company's efficiency in generating profits before taxes relative to its total revenue over the years. The rising pretax margin suggests that the company has been effectively managing its operating expenses and generating higher profits from its operations. Overall, the increasing trend in pretax margin reflects positively on Illinois Tool Works Inc's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024