Solventum Corp. (SOLV)
Pretax margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,179,000 | 1,238,000 | 1,442,000 | 1,582,000 | 1,637,000 |
| Revenue (ttm) | US$ in thousands | 8,208,500 | 8,236,000 | 8,146,000 | 8,101,000 | 8,115,500 |
| Pretax margin | 14.36% | 15.03% | 17.70% | 19.53% | 20.17% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,179,000K ÷ $8,208,500K
= 14.36%
Solventum Corp.'s pretax margin has shown a declining trend over the recent quarters. From a high of 20.17% in the first quarter of 2023, it decreased to 14.36% in the most recent quarter ending March 31, 2024. This declining trend may indicate potential challenges in managing operating expenses relative to revenue generation. A lower pretax margin could impact the company's overall profitability and efficiency in converting sales into profits. It is important for Solventum Corp. to closely monitor and manage their expenses to improve their pretax margin and ensure sustainable profitability in the future.
Peer comparison
Mar 31, 2024