Mettler-Toledo International Inc (MTD)
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 | 973,728 | 1,070,590 | 949,361 | 748,743 | 681,394 |
| Revenue | US$ in thousands | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 | 3,008,650 |
| Pretax margin | 25.70% | 27.31% | 25.53% | 24.27% | 22.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $973,728K ÷ $3,788,310K
= 25.70%
The pretax margin of Mettler-Toledo International, Inc. has been relatively stable in recent years, showing a consistent performance in generating profit before considering income taxes.
The company's pretax margin has gradually increased from 22.65% in 2019 to 25.70% in 2023. This upward trend indicates improved efficiency in managing operating expenses and generating profits.
The highest pretax margin was observed in 2022 at 27.31%, suggesting a peak performance year in terms of profitability before tax expenses.
Overall, the pretax margin demonstrates that Mettler-Toledo International, Inc. has been effectively controlling costs and generating profits from its core operations over the analyzed period.
Peer comparison
Dec 31, 2023