Leidos Holdings Inc (LDOS)
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 | 394,000 | 300,000 | 910,000 | 863,000 | 878,000 | 883,000 | 921,000 | 919,000 | 961,000 | 986,000 | 943,000 | 912,000 | 780,000 | 762,000 | 761,000 | 747,000 | 863,000 | 786,000 | 743,000 | 730,000 |
| Revenue (ttm) | US$ in thousands | 15,438,000 | 15,155,000 | 14,842,000 | 14,601,000 | 14,396,000 | 14,190,000 | 14,065,000 | 13,916,000 | 13,737,000 | 13,498,000 | 13,257,000 | 12,723,000 | 12,297,000 | 11,999,000 | 11,592,000 | 11,406,000 | 11,094,000 | 10,787,000 | 10,527,000 | 10,293,000 |
| Pretax margin | 2.55% | 1.98% | 6.13% | 5.91% | 6.10% | 6.22% | 6.55% | 6.60% | 7.00% | 7.30% | 7.11% | 7.17% | 6.34% | 6.35% | 6.56% | 6.55% | 7.78% | 7.29% | 7.06% | 7.09% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $394,000K ÷ $15,438,000K
= 2.55%
Leidos Holdings Inc's pretax margin has exhibited some fluctuations over the past years. In the most recent quarter, ending December 31, 2023, the pretax margin stood at 2.55%, representing a slight increase from the previous quarter. However, when comparing year-over-year performance, the current pretax margin is lower compared to the same quarter in the prior year, which had a pretax margin of 6.10%.
Looking at the trend over the past eight quarters, the pretax margin has ranged between 1.98% and 7.30%. The company saw the highest pretax margin of 7.78% in the fourth quarter of 2019. Overall, the pretax margin has generally been above 6% in recent years, indicating a consistent ability to generate profits before taxes relative to its revenue.
It is important for investors and analysts to monitor these fluctuations in pretax margin as it reflects the efficiency of the company in managing its operating expenses and generating profit from its operations. While the recent pretax margin may seem relatively low compared to historical highs, further analysis of the company's financials and operational performance may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023