Nordson Corporation (NDSN)
Pretax margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 615,339 | 649,279 | 574,176 | 301,489 | 431,104 |
| Revenue | US$ in thousands | 2,568,040 | 2,568,450 | 2,336,130 | 2,088,460 | 2,146,130 |
| Pretax margin | 23.96% | 25.28% | 24.58% | 14.44% | 20.09% |
October 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $615,339K ÷ $2,568,040K
= 23.96%
The pretax margin of Nordson Corp. has fluctuated over the past five years. In 2023, the pretax margin was 23.41%, representing a slight decrease compared to the previous year's 25.07%. This could indicate a potential decrease in the company's efficiency in generating profits before accounting for taxes. However, when compared to 2020 and 2019, the pretax margin has shown a significant improvement. This suggests that the company may have implemented strategies to enhance profitability and control costs. Overall, while there has been some variability, Nordson Corp. has maintained relatively healthy pretax margins, indicating a consistent ability to generate profits before accounting for taxes.
Peer comparison
Oct 31, 2023