SPX Corp (SPXC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 131,500 | 7,500 | 436,300 | 103,800 | 77,800 |
| Revenue | US$ in thousands | 1,713,100 | 1,450,500 | 1,205,300 | 1,542,400 | 1,502,300 |
| Pretax margin | 7.68% | 0.52% | 36.20% | 6.73% | 5.18% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $131,500K ÷ $1,713,100K
= 7.68%
The pretax margin for SPX Corp has fluctuated over the past five years. In 2023, the pretax margin improved significantly to 7.68% compared to the previous year's 0.52%. This substantial increase indicates that the company's profitability before taxes has strengthened in 2023. However, it is worth noting that the pretax margin was much higher in 2021 at 36.20%, indicating that the company's profitability peaked in that year. In 2020 and 2019, the pretax margin was relatively stable at 6.73% and 5.18% respectively. Overall, the trend in pretax margin for SPX Corp shows variability but with an upward trajectory in 2023.
Peer comparison
Dec 31, 2023