Parker-Hannifin Corporation (PH)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,593,882 | 3,511,105 | 3,347,532 | 2,996,092 | 2,679,064 | 1,894,084 | 1,571,692 | 1,545,368 | 1,613,645 | 2,152,872 | 2,318,208 | 2,405,714 | 2,247,141 | 1,959,008 | 1,820,851 | 1,494,406 | 1,513,302 | 1,661,291 | 1,729,261 | 1,908,983 |
| Revenue (ttm) | US$ in thousands | 19,954,000 | 19,312,100 | 19,271,150 | 19,107,110 | 18,836,130 | 18,077,990 | 17,191,440 | 16,426,780 | 15,687,760 | 15,400,500 | 15,059,880 | 14,645,580 | 14,118,560 | 13,381,960 | 13,273,130 | 13,339,290 | 13,425,410 | 13,946,280 | 14,011,920 | 14,021,370 |
| Pretax margin | 18.01% | 18.18% | 17.37% | 15.68% | 14.22% | 10.48% | 9.14% | 9.41% | 10.29% | 13.98% | 15.39% | 16.43% | 15.92% | 14.64% | 13.72% | 11.20% | 11.27% | 11.91% | 12.34% | 13.61% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,593,882K ÷ $19,954,000K
= 18.01%
The pretax margin of Parker-Hannifin Corporation has exhibited fluctuations over the past several quarters. The trend shows improvements in pretax margin from the third quarter of 2019 to the second quarter of 2022, with the margin reaching its peak at 16.43% in the fourth quarter of 2021. However, there was a slight decline in the first quarter of 2022 to 15.39%.
Subsequently, there was a noticeable increase in the pretax margin in the second quarter of 2022, climbing to 18.01%, and maintaining relatively high levels in the following quarters. This indicates that the company has been effective in managing its operating costs and generating earnings before accounting for taxes.
Overall, the pretax margin performance of Parker-Hannifin Corporation has shown variability but generally upward trends, reflecting the company's ability to control costs and optimize its operations to enhance profitability before tax expenses.
Peer comparison
Jun 30, 2024