Timken Company (TKR)
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 | 516,600 | 580,500 | 573,000 | 549,700 | 541,300 | 502,000 | 496,800 | 482,000 | 464,200 | 454,100 | 461,000 | 416,700 | 388,400 | 416,400 | 400,700 | 436,900 | 459,800 | 438,100 | 435,000 | 430,100 |
| Revenue (ttm) | US$ in thousands | 4,692,900 | 4,683,700 | 4,685,600 | 4,577,000 | 4,444,200 | 4,369,500 | 4,274,900 | 4,187,100 | 4,087,600 | 3,972,000 | 3,827,800 | 3,564,800 | 3,459,700 | 3,464,200 | 3,481,700 | 3,677,800 | 3,736,200 | 3,750,100 | 3,723,100 | 3,638,000 |
| Pretax margin | 11.01% | 12.39% | 12.23% | 12.01% | 12.18% | 11.49% | 11.62% | 11.51% | 11.36% | 11.43% | 12.04% | 11.69% | 11.23% | 12.02% | 11.51% | 11.88% | 12.31% | 11.68% | 11.68% | 11.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $516,600K ÷ $4,692,900K
= 11.01%
The pretax margin of Timken Co. has shown relatively stable performance over the past eight quarters, ranging from 11.12% to 12.46%. The company's ability to generate earnings before taxes as a percentage of revenue has been consistent, with slight fluctuations seen quarter over quarter. It is evident that Timken Co. has maintained a healthy level of profitability before accounting for taxes, indicating efficient cost management and revenue generation strategies. Overall, the pretax margin of Timken Co. remains solid, reflecting the company's ability to effectively leverage its operations to maximize profitability.
Peer comparison
Dec 31, 2023