Resideo Technologies Inc (REZI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 221,000 | 313,000 | 418,000 | 353,000 | 101,000 |
| Revenue | US$ in thousands | 6,761,000 | 6,242,000 | 6,370,000 | 5,846,000 | 5,071,000 |
| Pretax margin | 3.27% | 5.01% | 6.56% | 6.04% | 1.99% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $221,000K ÷ $6,761,000K
= 3.27%
Resideo Technologies Inc has shown varying pretax margins over the past five years. Starting at a modest 1.99% in December 31, 2020, the pretax margin improved significantly to 6.04% by December 31, 2021, and continued its upward trend to reach 6.56% by December 31, 2022. However, there was a slight dip in the pretax margin to 5.01% by December 31, 2023, followed by a more significant decrease to 3.27% by December 31, 2024. This fluctuation in pretax margin could indicate changes in revenue generation, operational efficiency, or cost management strategies within the company. Further analysis of the underlying factors driving these fluctuations would be crucial in determining the overall financial health and performance of Resideo Technologies Inc.