Motorola Solutions Inc (MSI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,141,000 | 1,511,000 | 1,547,000 | 1,170,000 | 998,000 |
| Revenue | US$ in thousands | 9,701,000 | 8,868,000 | 7,942,000 | 7,223,000 | 7,574,000 |
| Pretax margin | 22.07% | 17.04% | 19.48% | 16.20% | 13.18% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,141,000K ÷ $9,701,000K
= 22.07%
The pretax margin of Motorola Solutions Inc has shown a generally increasing trend over the past five years, indicating improved profitability before accounting for taxes. In 2023, the pretax margin reached its highest level at 21.51%, representing a significant increase from the previous year's 16.63% and continuing the positive momentum from 2021's 18.99%. The company's ability to generate higher pretax margins suggests effective cost management, revenue growth, and operational efficiency. This trend indicates that Motorola Solutions Inc has been successful in maximizing its profitability relative to its total revenues over the years.
Peer comparison
Dec 31, 2023