L3Harris Technologies Inc (LHX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,250,000 | 1,274,000 | 2,286,000 | 1,353,000 | 1,109,000 |
| Revenue | US$ in thousands | 18,876,000 | 16,777,000 | 17,769,000 | 17,913,000 | 6,632,000 |
| Pretax margin | 6.62% | 7.59% | 12.87% | 7.55% | 16.72% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,250,000K ÷ $18,876,000K
= 6.62%
The pretax margin for L3Harris Technologies Inc has shown fluctuations over the past five years. In 2019, the pretax margin stood at a relatively high level of 16.72%, indicating efficient cost management and profitability before taxes. However, there was a notable decline in 2020 to 7.55%, suggesting a potential decrease in profitability or higher operating costs relative to revenue.
This trend reversed in 2021, with the pretax margin increasing significantly to 12.87%, indicating improved profitability compared to the previous year. The trend continued in 2022 with a pretax margin of 7.59%, although it was lower than the prior year, it still remained above the 2020 level.
The most recent data for 2023 shows a pretax margin of 6.62%, which represents a further decline from the previous year. This decrease may indicate challenges or pressures impacting profitability, such as increased expenses or changes in revenue streams.
Overall, the fluctuations in L3Harris Technologies Inc's pretax margin over the five-year period suggest varying levels of profitability and operational efficiency, highlighting the company's ability to adapt to changing market conditions and manage costs effectively.
Peer comparison
Dec 31, 2023