Littelfuse Inc (LFUS)
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 | 328,598 | 443,044 | 341,025 | 161,253 | 165,884 |
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Pretax margin | 14.22% | 17.99% | 16.68% | 11.20% | 11.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $328,598K ÷ $2,310,490K
= 14.22%
Littelfuse Inc's pretax margin has shown some variability over the past five years. In 2023, the pretax margin was 14.22%, a decrease from 17.99% in 2022 but still higher than the margins in 2021 (16.68%), 2020 (11.20%), and 2019 (11.24%). This suggests that the company's profitability before accounting for taxes experienced a slight decline in 2023 compared to the previous year but remained relatively strong when compared to earlier periods. Further analysis would be needed to understand the factors contributing to this trend and whether it aligns with the company's strategic objectives and industry dynamics.
Peer comparison
Dec 31, 2023