Trimble Inc (TRMB)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,005,900 | 357,000 | 569,100 | 574,600 | 395,000 |
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Pretax margin | 54.46% | 9.40% | 15.48% | 15.70% | 12.55% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,005,900K ÷ $3,683,300K
= 54.46%
Trimble Inc's pretax margin, a key profitability metric, has exhibited fluctuations over the period under review. In December 2020, the pretax margin was 12.55%, which increased to 15.70% by December 2021, showing improvement in the company's operating efficiency. However, there was a slight decrease in pretax margin to 15.48% by December 2022.
The pretax margin then experienced a notable decline to 9.40% by December 2023, indicating a potential decrease in profitability or an increase in operating expenses relative to revenue. Notably, by December 2024, Trimble Inc's pretax margin surged significantly to 54.46%, showcasing a substantial improvement in profitability, possibly due to cost management initiatives or revenue growth outpacing expenses.
Overall, while the pretax margin fluctuated during the period, the significant increase in December 2024 suggests that Trimble Inc made strategic decisions that positively impacted its profitability. Further analysis would be required to determine the specific drivers behind these fluctuations and evaluate the sustainability of the company's improved profitability.
Peer comparison
Dec 31, 2024