L3Harris Technologies Inc (LHX)
Pretax margin
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,211,000 | 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 |
| Revenue (ttm) | US$ in thousands | 20,623,000 | 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 |
| Pretax margin | 5.87% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,211,000K ÷ $20,623,000K
= 5.87%
The pretax margin of L3Harris Technologies Inc has shown fluctuations over the past few quarters, indicating varying levels of profitability before taxes. The trend indicates a decline from 13.25% in March 2022 to 5.87% in September 2024. This downward trend may raise concerns about the company's ability to maintain profits at previous levels.
The pretax margin reached its peak at 13.48% in June 2022, followed by a significant drop to 5.40% in September 2023. This decline could be attributed to changes in costs, business strategies, or external factors impacting the company's financial performance.
While there have been periods of relative stability in the pretax margin, such as in the mid to late 2022, the recent downward trend suggests the company may be facing challenges in managing its expenses or generating sufficient revenue to maintain profitability.
Overall, a detailed analysis of the factors contributing to the fluctuations in L3Harris Technologies Inc's pretax margin is necessary to assess the company's financial health and sustainability in the long run.
Peer comparison
Sep 30, 2024