Rockwell Automation Inc (ROK)

Pretax margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	1,717,900	1,086,700	1,540,000	1,136,300	901,000
Revenue	US$ in thousands	9,203,900	7,500,200	6,930,300	6,216,700	6,630,500
Pretax margin		18.66%	14.49%	22.22%	18.28%	13.59%

September 30, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $1,717,900K ÷ $9,203,900K
= 18.66%

The pretax margin of Rockwell Automation Inc shows fluctuations over the past five years. In 2023, the pretax margin increased to 17.76% from 13.83% in 2022, indicating improved profitability before accounting for taxes. This upward trend suggests potential efficiency gains in cost management or revenue generation. However, it still remains below the 21.81% recorded in 2021. The company should continue monitoring and managing its operating expenses and revenue streams to sustain and enhance this crucial profitability metric.

Peer comparison

Sep 30, 2023

Company name

Symbol

Pretax margin

Rockwell Automation Inc

ROK

18.66%

Onto Innovation Inc

ONTO

16.25%

Thermo Fisher Scientific Inc