John Bean Technologies Corporation (JBT)
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 | 631,400 | 593,600 | 161,700 | 159,900 | 155,800 | 139,600 | 137,900 | 145,500 | 152,700 | 159,400 | 145,400 | 143,300 | 145,500 | 161,500 | 179,400 | 178,300 | 166,600 | 165,800 | 156,800 | 153,300 |
| Revenue (ttm) | US$ in thousands | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Pretax margin | 34.34% | 30.43% | 7.69% | 7.20% | 7.19% | 6.76% | 6.95% | 7.64% | 8.24% | 8.67% | 8.24% | 8.42% | 8.42% | 8.81% | 9.42% | 8.98% | 8.56% | 8.56% | 8.12% | 7.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $631,400K ÷ $1,838,500K
= 34.34%
To analyze John Bean Technologies Corp's pretax margin, we can observe fluctuations in the margin over the past eight quarters. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before taxes.
From Q1 2022 to Q4 2023, the pretax margin fluctuated within a range of 6.97% to 9.18%. The margin experienced an upward trend from Q1 2022 to Q4 2023, with the highest point achieved in Q4 2023 at 9.18%. This indicates an improvement in the company's ability to generate profit from its operations before accounting for taxes.
The analysis suggests that John Bean Technologies Corp has been successful in managing its operating expenses and increasing profitability over the observed period. However, it is essential to continue monitoring the pretax margin to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2023