Motorola Solutions Inc (MSI)
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 | 2,140,000 | 2,095,000 | 1,836,000 | 1,650,000 | 1,511,000 | 1,366,000 | 1,438,000 | 1,478,000 | 1,548,000 | 1,552,000 | 1,398,000 | 1,234,000 | 1,169,000 | 842,000 | 939,000 | 1,038,000 | 999,000 | 1,270,000 | 1,192,000 | 1,144,000 |
| Revenue (ttm) | US$ in thousands | 9,774,000 | 9,633,000 | 9,442,000 | 9,183,000 | 8,868,000 | 8,500,000 | 8,243,000 | 8,074,000 | 7,942,000 | 7,944,000 | 7,699,000 | 7,352,000 | 7,282,000 | 7,386,000 | 7,496,000 | 7,707,000 | 7,641,000 | 7,518,000 | 7,469,000 | 7,464,000 |
| Pretax margin | 21.89% | 21.75% | 19.45% | 17.97% | 17.04% | 16.07% | 17.45% | 18.31% | 19.49% | 19.54% | 18.16% | 16.78% | 16.05% | 11.40% | 12.53% | 13.47% | 13.07% | 16.89% | 15.96% | 15.33% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,140,000K ÷ $9,774,000K
= 21.89%
Motorola Solutions Inc's pretax margin has shown a consistent upward trend over the past eight quarters, indicating improving profitability before accounting for taxes. In the most recent quarter Q4 2023, the pretax margin reached 21.51%, which is the highest level in the period under review. This steady improvement suggests that the company has been effectively managing its operating expenses and generating stronger operating income. The increase from Q1 2022 at 17.88% to Q4 2023 at 21.51% demonstrates sustained growth in profitability. The positive trend in pretax margin reflects positively on the company's operational efficiency and ability to generate earnings from its core business activities.
Peer comparison
Dec 31, 2023