Terex Corporation (TEX)
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 | 581,000 | 582,300 | 540,700 | 438,500 | 366,400 | 329,500 | 284,100 | 283,200 | 267,200 | 222,700 | 165,400 | 64,900 | -8,600 | -24,700 | 7,500 | 115,100 | 92,200 | 36,900 | 53,200 | 46,000 |
| Revenue (ttm) | US$ in thousands | 5,151,500 | 5,146,500 | 4,976,900 | 4,650,900 | 4,417,700 | 4,190,200 | 4,063,500 | 4,025,100 | 3,886,800 | 3,683,400 | 3,455,200 | 3,107,000 | 3,076,400 | 3,174,700 | 3,433,700 | 4,050,100 | 4,353,100 | 4,093,400 | 4,297,300 | 4,243,400 |
| Pretax margin | 11.28% | 11.31% | 10.86% | 9.43% | 8.29% | 7.86% | 6.99% | 7.04% | 6.87% | 6.05% | 4.79% | 2.09% | -0.28% | -0.78% | 0.22% | 2.84% | 2.12% | 0.90% | 1.24% | 1.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $581,000K ÷ $5,151,500K
= 11.28%
Terex Corp.'s pretax margin has shown a consistent improvement over the past eight quarters. The pretax margin increased from 6.97% in Q2 2022 to 11.25% in Q4 2023, indicating a positive trend. This suggests that the company has been effectively managing its expenses in relation to its pre-tax profits and generating higher profitability over time. The gradual increase in pretax margin highlights Terex Corp.'s improving operational efficiency and financial performance.