Lockheed Martin Corporation (LMT)
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 | 6,220,000 | 8,098,000 | 6,680,000 | 7,550,000 | 8,235,000 |
| Revenue | US$ in thousands | 71,043,000 | 67,571,000 | 65,984,000 | 67,044,000 | 65,398,000 |
| Pretax margin | 8.76% | 11.98% | 10.12% | 11.26% | 12.59% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $6,220,000K ÷ $71,043,000K
= 8.76%
Lockheed Martin Corporation's pretax margin has shown some fluctuations over the past five years. In December 2020, the pretax margin was at a healthy level of 12.59%, indicating that the company was efficient in generating profits before accounting for taxes. However, there was a slight decline in profitability in December 2021, with the pretax margin decreasing to 11.26%.
In the following year, December 2022, the pretax margin declined further to 10.12%, signaling a decrease in profitability for Lockheed Martin Corporation. The company experienced a notable improvement in December 2023, as the pretax margin increased to 11.98%, indicating a recovery in profitability.
However, in December 2024, Lockheed Martin Corporation faced a challenge as the pretax margin dropped to 8.76%, representing a significant decline in profitability compared to previous years. Overall, the trend in pretax margin suggests some volatility in Lockheed Martin Corporation's profitability over the past five years, with fluctuations impacting the company's financial performance.