Teledyne Technologies Incorporated (TDY)
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 | 958,000 | 907,800 | 533,800 | 469,700 | 473,700 |
| Revenue | US$ in thousands | 5,559,800 | 5,379,900 | 4,510,100 | 3,094,300 | 3,171,900 |
| Pretax margin | 17.23% | 16.87% | 11.84% | 15.18% | 14.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $958,000K ÷ $5,559,800K
= 17.23%
Teledyne Technologies Inc's pretax margin has shown an increasing trend over the past five years, reflecting the company's ability to generate higher levels of pre-tax profit relative to its total revenue. In particular:
- In 2023, the pretax margin reached 17.02%, marking a significant improvement from the previous year's margin of 16.64%. This indicates that the company was able to control its operating expenses more effectively or improve its revenue generation strategies.
- Comparing the pretax margin in 2023 to the margins in 2022 (11.57%), 2021 (15.22%), and 2019 (14.97%), it is evident that Teledyne Technologies Inc has made consistent progress in enhancing its profitability over the years.
Overall, the increasing trend in Teledyne Technologies Inc's pretax margin signals positive operational efficiency and effective cost management, reflecting a healthy financial performance during the period under review.
Peer comparison
Dec 31, 2023