Juniper Networks Inc (JNPR)

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	339,400	531,500	310,100	265,200	414,400
Revenue	US$ in thousands	5,484,500	5,288,400	4,624,000	4,313,100	4,341,400
Pretax margin		6.19%	10.05%	6.71%	6.15%	9.55%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $339,400K ÷ $5,484,500K
= 6.19%

The pretax margin of Juniper Networks Inc has fluctuated over the past five years. In 2023, the pretax margin was 6.10%, showing a decrease compared to 10.03% in 2022 and 9.32% in 2019. The pretax margin was also lower than the 6.55% reported in 2021 and 5.97% in 2020. This indicates that in 2023, the company generated $0.061 in pretax profit for every dollar of revenue, reflecting a decrease in profitability compared to previous years. Further analysis of the company's financial performance and operational efficiency is recommended to understand the factors contributing to this trend.