L3Harris Technologies Inc (LHX)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,186,000 | 1,167,000 | 1,250,000 | 1,674,000 | 953,000 | 1,109,000 | 1,274,000 | 1,330,000 | 2,238,000 | 2,294,000 | 2,286,000 | 1,954,000 | 1,879,000 | 1,638,000 | 1,353,000 | 1,531,000 | 1,319,000 | 1,261,000 | 1,289,000 | 1,109,000 |
| Revenue (ttm) | US$ in thousands | 20,087,000 | 19,568,000 | 18,902,000 | 18,236,000 | 17,656,000 | 17,116,000 | 16,782,000 | 16,590,000 | 16,603,000 | 17,318,000 | 17,769,000 | 18,027,000 | 18,239,000 | 17,836,000 | 17,910,000 | 17,934,000 | 15,359,000 | 12,664,000 | 9,727,000 | 6,633,000 |
| Pretax margin | 5.90% | 5.96% | 6.61% | 9.18% | 5.40% | 6.48% | 7.59% | 8.02% | 13.48% | 13.25% | 12.87% | 10.84% | 10.30% | 9.18% | 7.55% | 8.54% | 8.59% | 9.96% | 13.25% | 16.72% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,186,000K ÷ $20,087,000K
= 5.90%
The pretax margin of L3Harris Technologies Inc has shown variability over the past few quarters. The pretax margin, which represents the proportion of earnings the company retains before taxes, ranged from 5.40% to 13.48% over the most recent quarters.
In the most recent quarter, the pretax margin was 5.90%, slightly lower than the previous quarter's 5.96%. This indicates that the company's profitability before taxes has remained relatively stable.
Looking at historical trends, the pretax margin has fluctuated over the past two years, with some quarters showing higher margins around the 13-16% range and others closer to 7-9%. This variability may reflect changes in the company's cost structure, revenue mix, or operational efficiency.
Overall, while the pretax margin of L3Harris Technologies Inc has exhibited some volatility, the recent trend suggests a moderate level of profitability before accounting for taxes. Monitoring this ratio over time can provide insights into the company's financial management and operational performance.
Peer comparison
Jun 30, 2024