Teledyne Technologies Incorporated (TDY)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	937,900	958,900	908,100	533,800	469,700
Revenue	US$ in thousands	5,670,000	5,635,500	5,458,600	4,614,300	3,086,200
Pretax margin		16.54%	17.02%	16.64%	11.57%	15.22%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $937,900K ÷ $5,670,000K
= 16.54%

Based on the provided data, the pretax margin of Teledyne Technologies Incorporated has shown fluctuations over the years.

In December 31, 2020, the pretax margin was 15.22%, indicating that for every dollar of revenue generated before taxes, the company retained approximately $0.1522 as profit.

However, by December 31, 2021, the pretax margin decreased to 11.57%, reflecting a decline in profitability. This reduction may suggest increased operating expenses or other factors that impacted the company's bottom line.

The trend reversed in the following years, as the pretax margin increased to 16.64% in December 31, 2022, 17.02% in December 31, 2023, and then slightly dipped to 16.54% by December 31, 2024. These improvements indicate that Teledyne Technologies Incorporated managed to enhance its profitability by either increasing revenue, reducing costs, or a combination of both.

Overall, the pretax margin trend of Teledyne Technologies Incorporated reflects a mix of challenges and successes in managing its operational efficiency and profitability over the years covered in the data.