Resideo Technologies Inc (REZI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 221,000 | 277,000 | 270,000 | 305,000 | 313,000 | 282,000 | 341,000 | 378,000 | 418,000 | 450,000 | 451,000 | 401,000 | 353,000 | 348,000 | 333,000 | 199,000 | 101,000 | -6,000 | -80,000 | -38,000 |
| Revenue (ttm) | US$ in thousands | 6,761,000 | 6,440,000 | 6,166,000 | 6,179,000 | 6,242,000 | 6,265,000 | 6,329,000 | 6,413,000 | 6,370,000 | 6,264,000 | 6,142,000 | 5,933,000 | 5,846,000 | 5,893,000 | 5,759,000 | 5,311,000 | 5,071,000 | 4,874,000 | 4,738,000 | 4,951,000 |
| Pretax margin | 3.27% | 4.30% | 4.38% | 4.94% | 5.01% | 4.50% | 5.39% | 5.89% | 6.56% | 7.18% | 7.34% | 6.76% | 6.04% | 5.91% | 5.78% | 3.75% | 1.99% | -0.12% | -1.69% | -0.77% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $221,000K ÷ $6,761,000K
= 3.27%
Resideo Technologies Inc's pretax margin has shown a fluctuating trend over the past few years. It went from negative values in early 2020 to a positive upward trend in the following quarters. From December 2021 to June 2022, there was a significant increase in the pretax margin, reaching a peak of 7.34%. However, starting from September 2022, the pretax margin started to decline gradually, with some fluctuations along the way. Despite the fluctuations, Resideo Technologies Inc has managed to maintain a pretax margin above 4% in recent quarters, indicating a reasonable level of profitability before taxes. The decreasing trend towards the end of 2024 may require further analysis to understand the factors contributing to this change.