Textron Inc (TXT)
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 | 1,086,000 | 1,114,000 | 1,077,000 | 1,010,000 | 1,015,000 | 1,005,000 | 959,000 | 914,000 | 872,000 | 840,000 | 738,000 | 403,000 | 282,000 | 277,000 | 402,000 | 799,000 | 942,000 | 1,010,000 | 1,397,000 | 1,378,000 |
| Revenue (ttm) | US$ in thousands | 13,683,000 | 13,427,000 | 13,162,000 | 12,892,000 | 12,869,000 | 12,555,000 | 12,467,000 | 12,504,000 | 12,382,000 | 12,727,000 | 12,472,000 | 11,753,000 | 11,651,000 | 12,019,000 | 12,543,000 | 13,298,000 | 13,630,000 | 13,345,000 | 13,286,000 | 13,785,000 |
| Pretax margin | 7.94% | 8.30% | 8.18% | 7.83% | 7.89% | 8.00% | 7.69% | 7.31% | 7.04% | 6.60% | 5.92% | 3.43% | 2.42% | 2.30% | 3.20% | 6.01% | 6.91% | 7.57% | 10.51% | 10.00% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,086,000K ÷ $13,683,000K
= 7.94%
The pretax margin for Textron Inc has shown fluctuation over the past few quarters, ranging from 2.30% to 8.30%. The company's ability to generate profits before taxes from its operations improved in the most recent quarter compared to the previous ones. The upward trend in the pretax margin from the last quarter of 2021 to the third quarter of 2023 indicates an improvement in operational efficiency and cost management, leading to higher profitability for the company. However, it is important to note that there was a significant drop in the pretax margin in the first quarter of 2021, which suggests potential challenges or one-off circumstances impacting profitability during that period. Overall, Textron Inc's pretax margin has demonstrated resilience but also some volatility, which may require further analysis to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023