Teledyne Technologies Incorporated (TDY)

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	937,900	966,500	957,500	960,700	958,900	957,000	942,200	928,800	908,100	828,300	764,900	635,500	533,800	502,400	454,200	470,000	469,700	458,100	461,800	481,800
Revenue (ttm)	US$ in thousands	5,669,300	5,592,000	5,551,000	5,601,600	5,635,500	5,628,700	5,589,800	5,520,900	5,458,600	5,416,100	5,364,400	5,129,600	4,614,300	4,047,900	3,485,000	3,107,300	3,086,200	3,111,100	3,164,300	3,203,000
Pretax margin		16.54%	17.28%	17.25%	17.15%	17.02%	17.00%	16.86%	16.82%	16.64%	15.29%	14.26%	12.39%	11.57%	12.41%	13.03%	15.13%	15.22%	14.72%	14.59%	15.04%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $937,900K ÷ $5,669,300K
= 16.54%

Teledyne Technologies Incorporated's pretax margin has shown fluctuations over the periods indicated in the data provided. The pretax margin represents the percentage of each dollar of revenue that turns into pre-tax profit.

From March 2020 to December 2022, the pretax margin fluctuated between 11.57% and 16.86%, showing a slightly volatile trend but generally maintaining above 11%. Noteworthy is the increase from 11.57% in December 2021 to 16.64% in December 2022, indicating an improvement in the company's ability to generate profits before taxes.

In the subsequent periods from March 2023 to December 2024, the pretax margin remained relatively stable, ranging from 16.54% to 17.28%. This stability suggests that Teledyne Technologies Incorporated has managed to sustain its profitability levels or even slightly improve them in the later periods.

Overall, the pretax margin trend indicates that the company has been able to manage its cost structure and generate profits effectively, especially in the later periods where the margins showed more consistency and improvement. Further analysis of the company's revenue and expense management would provide additional insights into the factors impacting its pretax margin.