Martin Marietta Materials Inc (MLM)

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	1,461,300	1,352,700	1,200,600	1,231,300	1,101,600	1,040,900	984,600	801,800	855,800	895,700	953,400	944,300	889,100	837,100	776,000	736,400	748,300	708,032	602,542	601,120
Revenue (ttm)	US$ in thousands	6,611,800	6,477,700	6,293,300	6,113,300	5,994,600	6,009,400	5,753,500	5,504,700	5,270,300	4,974,600	4,754,300	4,643,900	4,615,000	4,529,960	4,625,070	4,631,840	4,610,360	4,558,440	4,354,800	4,278,060
Pretax margin		22.10%	20.88%	19.08%	20.14%	18.38%	17.32%	17.11%	14.57%	16.24%	18.01%	20.05%	20.33%	19.27%	18.48%	16.78%	15.90%	16.23%	15.53%	13.84%	14.05%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,461,300K ÷ $6,611,800K
= 22.10%

The pretax margin of Martin Marietta Materials, Inc. has shown a generally increasing trend over the past eight quarters. From Q1 2022 to Q4 2023, the pretax margin increased from 14.20% to 22.03%, indicating an improvement in the company's ability to generate profits before accounting for taxes. This upward trajectory suggests that the company has been effectively managing its operating expenses and/or increasing its revenue streams.

The highest pretax margin was recorded in Q4 2023 at 22.03%, indicating that the company was able to retain 22.03 cents of every dollar of revenue before taxes. This could be attributed to efficient cost control measures, higher sales prices, increased sales volume, or a combination of these factors.

Overall, the upward trend in the pretax margin of Martin Marietta Materials, Inc. reflects positively on the company's operational efficiency and profitability, signaling potential strength in its financial performance. It is essential for stakeholders to monitor this metric continuously to understand the company's ability to generate profits relative to its revenue before tax obligations.