Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 483,500 | 459,900 | 407,900 | 318,800 | 527,400 | 574,200 | 664,700 | 732,400 | 534,000 |
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 |
| Pretax margin | 15.59% | 14.47% | 12.82% | 10.09% | 16.83% | 18.67% | 21.76% | 24.54% | 18.27% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $483,500K ÷ $3,100,500K
= 15.59%
Vontier Corporation's pretax margin has exhibited a decreasing trend from Q1 2022 to Q4 2023. The pretax margin was highest at 24.16% in Q1 2022, but gradually declined to 9.92% in Q1 2023 before slightly recovering to 15.62% in Q4 2023. The downward trend in pretax margin indicates that, over the period analyzed, the company's profitability before taxes has been eroding. This could be attributed to various factors such as increased expenses, lower revenue generation, or inefficiencies in cost management. Further analysis of the company's financial performance and operational strategies is warranted to determine the underlying reasons for the declining pretax margin and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023