L3Harris Technologies Inc (LHX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,597,000 | 1,221,000 | 1,273,000 | 2,283,000 | 1,322,000 |
| Revenue | US$ in thousands | 21,325,000 | 19,419,000 | 17,062,000 | 17,814,000 | 18,194,000 |
| Pretax margin | 7.49% | 6.29% | 7.46% | 12.82% | 7.27% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,597,000K ÷ $21,325,000K
= 7.49%
The pretax margin of L3Harris Technologies Inc has varied over the years based on the provided data.
- As of December 31, 2020, the pretax margin was 7.27%.
- By December 31, 2021, the pretax margin had improved significantly to 12.82%, indicating more efficient cost management or revenue growth.
- However, there was a slight decline by December 31, 2022, with the pretax margin dropping to 7.46%.
- The trend continued with a further decrease in pretax margin to 6.29% by December 31, 2023, possibly signaling increased expenses relative to revenue.
- By December 31, 2024, the pretax margin rebounded slightly to 7.49%.
Overall, the pretax margin of L3Harris Technologies Inc has shown fluctuations during the period, reflecting the company's ability to manage costs and generate profits before taxes. It is essential for the company to focus on sustaining or improving pretax margins to ensure long-term financial health and efficiency in operations.
Peer comparison
Dec 31, 2024