Trimble Inc (TRMB)
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 | 357,000 | 388,600 | 427,100 | 591,200 | 569,100 | 596,100 | 634,900 | 575,700 | 574,500 | 584,300 | 523,900 | 452,200 | 394,300 | 341,600 | 324,200 | 348,900 | 344,600 | 337,100 | 322,300 | 286,100 |
| Revenue (ttm) | US$ in thousands | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Pretax margin | 9.34% | 10.83% | 12.04% | 16.29% | 15.44% | 15.64% | 16.55% | 15.35% | 15.70% | 16.40% | 15.16% | 13.94% | 12.51% | 10.85% | 10.32% | 10.70% | 10.53% | 10.36% | 9.87% | 9.02% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $357,000K ÷ $3,821,600K
= 9.34%
Trimble Inc's pretax margin has shown fluctuations over the past several quarters. The pretax margin measures how efficiently the company is operating before accounting for taxes.
Looking at the trend, there was a gradual increase in pretax margin from the beginning of 2019 through mid-2022, with some minor fluctuations. However, in the last two quarters of 2022 and the first quarter of 2023, the pretax margin started to decrease. It reached a peak of 16.55% in the second quarter of 2022 but has since declined to 9.34% in the most recent quarter.
This decline in pretax margin could indicate various factors impacting the company's profitability, such as changes in revenue, expenses, or operational efficiency. Further analysis would be needed to understand the specific reasons behind this trend and whether it is a concerning development for Trimble Inc's financial performance.
Peer comparison
Dec 31, 2023