SPX Corp (SPXC)
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 | 255,400 | 219,200 | 201,300 | 187,000 | 186,300 | 122,600 | 84,500 | 61,900 | 27,100 | 52,500 | 53,900 | 47,100 | 66,100 | 86,500 | 103,600 | 122,400 | 116,500 | 123,200 | 118,700 | 106,700 |
| Revenue (ttm) | US$ in thousands | 1,983,900 | 1,919,600 | 1,884,600 | 1,806,600 | 1,741,200 | 1,701,100 | 1,622,900 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,900 | 1,239,600 | 1,331,000 | 1,437,800 | 1,515,400 | 1,591,900 | 1,562,700 | 1,550,500 | 1,551,900 | 1,551,100 |
| Pretax margin | 12.87% | 11.42% | 10.68% | 10.35% | 10.70% | 7.21% | 5.21% | 3.98% | 1.86% | 3.80% | 4.16% | 3.80% | 4.97% | 6.02% | 6.84% | 7.69% | 7.46% | 7.95% | 7.65% | 6.88% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $255,400K ÷ $1,983,900K
= 12.87%
The pretax margin of SPX Corp has shown fluctuations over the past few years. It ranged from a low of 1.86% on December 31, 2022, to a high of 12.87% on December 31, 2024. The trend in the pretax margin indicates a general improvement from 2022 to 2024, with occasional fluctuations in between.
The company experienced a dip in pretax margin in the first half of 2023, reaching a low of 3.80% in March 31, 2023. However, there was a significant recovery in the second half of 2023, with the pretax margin increasing steadily to 10.70% by December 31, 2023. This positive trend continued into 2024, with the pretax margin consistently exceeding 10%.
Overall, the improving trend in the pretax margin of SPX Corp demonstrates the company's ability to generate higher earnings before taxes relative to its revenue. It is important for investors and stakeholders to monitor this metric to assess the company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2024