Oshkosh Corporation (OSK)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 788,000 | 271,400 | 509,100 | 436,400 | 750,700 |
| Revenue | US$ in thousands | 9,608,800 | 8,231,100 | 7,695,300 | 6,803,800 | 8,333,600 |
| Pretax margin | 8.20% | 3.30% | 6.62% | 6.41% | 9.01% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $788,000K ÷ $9,608,800K
= 8.20%
The pretax margin of Oshkosh Corp has shown fluctuation over the past five years. Dec 31, 2023, recorded a pretax margin of 8.26%, which represents a significant improvement compared to the prior year's figure of 3.33% on Dec 31, 2022. This increase indicates enhanced efficiency in managing operating expenses relative to revenue. However, the pretax margin figure for Dec 31, 2023, is lower compared to the pretax margin reported on Sep 30, 2019 (8.96%).
The pretax margin for Sep 30, 2021, and Sep 30, 2020, stood at 6.44% and 6.38%, respectively. These figures show some stability in the company's ability to generate earnings before taxes relative to its revenue during those periods. It is essential for Oshkosh Corp to continue monitoring and improving its pretax margin to ensure sustainable profitability and financial health in the long term.
Peer comparison
Dec 31, 2023