Lockheed Martin Corporation (LMT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,098,000 | 8,143,000 | 8,289,000 | 6,613,000 | 6,680,000 | 6,980,000 | 5,560,000 | 7,400,000 | 7,550,000 | 7,247,000 | 8,569,000 | 8,361,000 | 8,180,000 | 7,825,000 | 7,605,000 | 7,326,000 | 7,241,000 | 6,892,000 | 6,686,000 | 6,423,000 |
| Revenue (ttm) | US$ in thousands | 67,571,000 | 67,688,000 | 67,393,000 | 66,146,000 | 65,984,000 | 64,722,000 | 64,167,000 | 65,750,000 | 67,044,000 | 66,347,000 | 66,814,000 | 66,005,000 | 65,398,000 | 64,244,000 | 62,920,000 | 61,127,000 | 59,812,000 | 58,345,000 | 57,492,000 | 56,463,000 |
| Pretax margin | 11.98% | 12.03% | 12.30% | 10.00% | 10.12% | 10.78% | 8.66% | 11.25% | 11.26% | 10.92% | 12.83% | 12.67% | 12.51% | 12.18% | 12.09% | 11.98% | 12.11% | 11.81% | 11.63% | 11.38% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,098,000K ÷ $67,571,000K
= 11.98%
To analyze Lockheed Martin Corp.'s pretax margin, we can see that it has been fluctuating over the past eight quarters. The pretax margin represents the company's efficiency in generating profits before accounting for taxes relative to its total revenue.
In the most recent quarter, ending December 31, 2023, the pretax margin was 11.98%, showing a slight decrease from the previous quarter's 12.03%. This indicates that the company's ability to generate profits before considering tax expenses experienced a marginal decline.
Looking further back, the trend shows some variability, with pretax margins ranging from 8.66% in the second quarter of 2022 to a high of 12.30% in the third quarter of 2023.
The fluctuation in pretax margin may be attributed to various factors such as changes in the company's cost structure, revenue mix, and operating efficiency. Investors and analysts may continue to monitor these trends to assess the company's ability to maintain and improve profitability before tax expenses.