Mettler-Toledo International Inc (MTD)

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	973,728	1,066,186	1,090,912	1,084,201	1,070,592	974,684	946,386	920,078	892,491	865,933	824,155	749,026	682,111	710,706	674,256	674,217	681,394	680,705	671,709	660,095
Revenue (ttm)	US$ in thousands	3,788,309	3,910,997	3,954,381	3,950,651	3,919,704	3,899,264	3,865,368	3,811,332	3,717,931	3,618,676	3,474,083	3,240,405	3,085,177	2,991,160	2,937,669	2,978,362	3,008,652	2,982,607	2,963,587	2,954,217
Pretax margin		25.70%	27.26%	27.59%	27.44%	27.31%	25.00%	24.48%	24.14%	24.01%	23.93%	23.72%	23.12%	22.11%	23.76%	22.95%	22.64%	22.65%	22.82%	22.67%	22.34%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $973,728K ÷ $3,788,309K
= 25.70%

Mettler-Toledo International, Inc.'s pretax margin has shown relatively stable performance over the past eight quarters. The company's pretax margin ranged from a low of 25.63% in Q1 2022 to a high of 27.59% in Q2 2023. On average, the pretax margin over this period was 26.88%, indicating that the company is able to generate significant profits before considering taxes and other expenses.

The consistent pretax margin above 25% reflects the company's operational efficiency and ability to manage costs effectively. However, there was a slight dip in Q4 2023 to 25.70%, which could be worth further investigation to ascertain the underlying factors causing this decrease in profitability. Overall, Mettler-Toledo International, Inc. has maintained a healthy pretax margin, signaling a strong financial performance.