Terex Corporation (TEX)
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 | 407,600 | 514,300 | 564,300 | 581,600 | 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 |
| Revenue (ttm) | US$ in thousands | 5,127,200 | 5,108,800 | 5,186,900 | 5,208,300 | 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 |
| Pretax margin | 7.95% | 10.07% | 10.88% | 11.17% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $407,600K ÷ $5,127,200K
= 7.95%
Terex Corporation's pretax margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the pretax margin was relatively low, hovering around 2-3%. In mid-2021, there was a significant improvement, with the pretax margin reaching 6-7%, and this upward trend continued into early 2023, peaking at around 11%.
However, towards the end of 2023 and throughout 2024, the pretax margin started to decline, dropping to about 8% in the third quarter of 2024 and further decreasing to around 8% in the fourth quarter of 2024. The final recorded pretax margin for December 31, 2024, was 7.95%.
Overall, the pretax margin of Terex Corporation has displayed both positive and negative trends during the analyzed period, with certain quarters showing strong profitability while others experienced a decline. It is crucial for the company to monitor and manage its operational efficiency and cost structure to sustain and improve its pretax margin in the future.