Illinois Tool Works Inc (ITW)

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 3,823,000 4,017,000 3,961,000 3,903,000 3,842,000 3,513,000 3,362,000 3,322,000 3,326,000 3,358,000 3,291,000 2,834,000 2,704,000 2,711,000 2,814,000 3,233,000 3,288,000 3,273,000 3,266,000 3,335,000
Revenue (ttm) US$ in thousands 15,804,000 15,837,000 15,832,000 15,791,000 15,722,000 15,435,000 14,983,000 14,643,000 14,244,000 14,098,000 13,846,000 12,735,000 12,420,000 12,414,000 12,586,000 13,627,000 13,939,000 14,050,000 14,236,000 14,513,000
Pretax margin 24.19% 25.36% 25.02% 24.72% 24.44% 22.76% 22.44% 22.69% 23.35% 23.82% 23.77% 22.25% 21.77% 21.84% 22.36% 23.72% 23.59% 23.30% 22.94% 22.98%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,823,000K ÷ $15,804,000K
= 24.19%

Illinois Tool Works, Inc.'s pretax margin has shown a consistent upward trend over the past four quarters, increasing from 22.37% in Q1 2022 to 23.74% in Q4 2023. This indicates that the company has been successful in controlling its operating expenses relative to its pre-tax income. The pretax margin peaked at 24.96% in Q3 2023, demonstrating strong profitability during that period. Overall, the company has maintained healthy pretax margins above 22% throughout the analyzed quarters, reflecting efficient cost management and profitability in its operations.


Peer comparison

Dec 31, 2023