SPX Corp (SPXC)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 131,500 | 65,400 | 74,000 | 47,600 | 7,500 | 37,400 | 371,300 | 418,200 | 436,300 | 453,700 | 145,100 | 110,900 | 107,500 | 111,100 | 109,500 | 102,700 | 77,800 | 87,000 | 71,000 | 71,100 |
| Revenue (ttm) | US$ in thousands | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Pretax margin | 7.68% | 3.88% | 4.57% | 3.06% | 0.51% | 2.71% | 28.63% | 33.74% | 35.78% | 37.26% | 11.24% | 8.14% | 7.46% | 7.23% | 7.12% | 6.69% | 5.15% | 5.76% | 4.71% | 3.76% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $131,500K ÷ $1,711,900K
= 7.68%
The pretax margin of SPX Corp has displayed variability over the period under review. The trend shows fluctuations in profitability before taxes, with some quarters showing stronger performance compared to others. For instance, in the fourth quarter of 2022, the pretax margin was markedly lower at 0.51%, suggesting lower profitability during that period. However, in the second quarter of 2022, the pretax margin spiked to 28.63% and reached 33.74% in the subsequent quarter, indicating a significant improvement in profitability.
Overall, the pretax margin has been relatively stable in recent quarters, ranging between 3% to 8%, displaying a level of consistency in the company's ability to generate profits before accounting for taxes. The peak observed in the second and third quarters of 2022 may indicate certain factors positively impacting profitability during that period. Further analysis would be required to identify the specific drivers behind these fluctuations and assess the company's overall financial performance.
Peer comparison
Dec 31, 2023