Johnson Controls International PLC (JCI)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,526,000 | 1,519,000 | 2,505,000 | 739,000 | 5,441,000 |
| Revenue | US$ in thousands | 26,703,000 | 25,213,000 | 23,883,000 | 22,321,000 | 23,777,000 |
| Pretax margin | 5.71% | 6.02% | 10.49% | 3.31% | 22.88% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,526,000K ÷ $26,703,000K
= 5.71%
The pretax margin of Johnson Controls International plc has shown fluctuations over the past five years. In 2023, the pretax margin stood at 6.38%, marking a slight decrease from the previous year's 6.76%. However, compared to the 4.05% and 4.41% recorded in 2020 and 2019 respectively, the current margin still demonstrates an improvement. The highest pretax margin was observed in 2021 at 11.04%, indicating a period of strong profitability. The fluctuations in the pretax margin suggest variations in the company's ability to control operating expenses and generate operating income before taxes. Further analysis would be necessary to understand the factors driving these changes and to assess the company's overall financial performance.
Peer comparison
Sep 30, 2023