Textron Inc (TXT)

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	1,086,000	1,015,000	872,000	282,000	942,000
Revenue	US$ in thousands	13,683,000	12,869,000	12,382,000	11,651,000	13,630,000
Pretax margin		7.94%	7.89%	7.04%	2.42%	6.91%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $1,086,000K ÷ $13,683,000K
= 7.94%

Textron Inc's pretax margin has shown a positive trend over the past five years, increasing from 6.91% in 2019 to 7.94% in 2023. This implies that the company's ability to generate profits before taxes relative to its total revenue has improved steadily over this period. The highest pretax margin was recorded in 2023, indicating that Textron Inc has been more efficient in managing its operating expenses and generating higher gross profits. This positive trend in pretax margin is a favorable indicator of the company's operational efficiency and potentially sustainable profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Textron Inc

TXT

7.94%