L3Harris Technologies Inc (LHX)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,597,000 | 1,186,000 | 1,156,000 | 1,138,000 | 1,221,000 | 1,678,000 | 957,000 | 1,110,000 | 1,273,000 | 1,328,000 | 2,235,000 | 2,292,000 | 2,283,000 | 1,942,000 | 1,874,000 | 1,628,000 | 1,322,000 | 1,543,000 | 1,465,000 | 1,431,000 |
| Revenue (ttm) | US$ in thousands | 21,325,000 | 21,142,000 | 20,765,000 | 20,159,000 | 19,419,000 | 18,657,000 | 17,988,000 | 17,430,000 | 17,062,000 | 16,834,000 | 16,817,000 | 17,350,000 | 17,814,000 | 18,124,000 | 18,358,000 | 18,135,000 | 18,194,000 | 18,366,000 | 18,334,000 | 15,754,000 |
| Pretax margin | 7.49% | 5.61% | 5.57% | 5.65% | 6.29% | 8.99% | 5.32% | 6.37% | 7.46% | 7.89% | 13.29% | 13.21% | 12.82% | 10.72% | 10.21% | 8.98% | 7.27% | 8.40% | 7.99% | 9.08% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,597,000K ÷ $21,325,000K
= 7.49%
L3Harris Technologies Inc's pretax margin has fluctuated over the indicated periods. The pretax margin, which is a measure of profitability before taxes are deducted, increased from around 9% in March 2020 to a peak of about 13% in June 2022. However, there was a subsequent decline in the pretax margin, dropping to around 5% by June 2024. This downward trend could indicate potential challenges in maintaining profitability or controlling costs during this period. It would be important for stakeholders to further investigate the reasons behind this decline and assess the company's strategies to address any underlying issues affecting its profitability.
Peer comparison
Dec 31, 2024