Oshkosh Corporation (OSK)

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	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	Dec 31, 2018
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	788,000	697,200	549,700	360,700	256,700	242,900	343,400	433,900	497,900	532,400	448,600	422,700	436,400	503,200	640,600	698,400	750,700	748,600	701,000	683,300
Revenue (ttm)	US$ in thousands	9,599,300	9,351,500	8,915,100	8,564,200	8,249,100	8,098,100	8,239,400	8,063,100	7,692,100	7,423,700	6,795,700	6,693,900	6,813,900	7,225,400	8,036,800	8,251,000	8,369,800	8,231,100	8,026,400	7,922,600
Pretax margin		8.21%	7.46%	6.17%	4.21%	3.11%	3.00%	4.17%	5.38%	6.47%	7.17%	6.60%	6.31%	6.40%	6.96%	7.97%	8.46%	8.97%	9.09%	8.73%	8.62%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $788,000K ÷ $9,599,300K
= 8.21%

Oshkosh Corp's pretax margin has shown a consistent positive trend over the past eight quarters. Starting at 3.33% in Q4 2022, the pretax margin has steadily increased, reaching 8.26% in Q4 2023. This indicates an improving ability of the company to generate profits before accounting for taxes relative to its total revenue. The upward trajectory suggests effective cost management, operational efficiency, and potentially favorable pricing strategies. However, it is important for stakeholders to monitor this metric for sustained growth and to assess the company's overall profitability and financial health.