John Bean Technologies Corporation (JBT)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 606,100 | 154,200 | 152,700 | 145,500 | 166,600 |
| Revenue | US$ in thousands | 1,704,500 | 2,166,000 | 1,868,300 | 1,727,800 | 1,945,700 |
| Pretax margin | 35.56% | 7.12% | 8.17% | 8.42% | 8.56% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $606,100K ÷ $1,704,500K
= 35.56%
The pretax margin of John Bean Technologies Corp has shown fluctuations over the past five years, ranging from 7.12% in 2019 to 9.18% in 2023. The pretax margin measures the company's efficiency in generating profits before accounting for taxes and is a key indicator of its operational profitability.
In 2023, the pretax margin improved to 9.18% compared to the previous year, indicating that the company effectively managed its costs and expenses relative to its revenue. However, it is important to note that the pretax margin was slightly higher in 2020 and 2021, suggesting that there may have been changes in the company's cost structure or revenue mix during those years.
Overall, the varying pretax margin of John Bean Technologies Corp reflects the dynamic nature of its profit generation over the years and highlights the need for further analysis to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023