Trimble Inc (TRMB)
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 | 357,000 | 569,100 | 574,500 | 394,300 | 344,600 |
| Revenue | US$ in thousands | 3,798,700 | 3,676,300 | 3,659,400 | 3,152,000 | 3,271,300 |
| Pretax margin | 9.40% | 15.48% | 15.70% | 12.51% | 10.53% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $357,000K ÷ $3,798,700K
= 9.40%
Trimble Inc's pretax margin has exhibited fluctuations over the past five years. The pretax margin was highest in 2021 at 15.70% and experienced a slight decline in 2022 to 15.48%. In 2023, the pretax margin decreased further to 9.40%, representing a significant drop compared to the previous year. This downward trend indicates a decreasing profitability relative to the company's revenue before accounting for taxes. It is important for Trimble Inc to closely monitor and analyze the factors contributing to these margin fluctuations to make informed strategic decisions aimed at improving profitability in the future.
Peer comparison
Dec 31, 2023