Westinghouse Air Brake Technologies Corp (WAB)
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 | 1,082,000 | 846,000 | 730,000 | 559,000 | 447,000 |
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Pretax margin | 11.47% | 10.34% | 9.53% | 7.62% | 5.62% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,082,000K ÷ $9,432,000K
= 11.47%
The pretax margin of Westinghouse Air Brake Technologies Corp has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits before taxes relative to its revenue. The pretax margin has progressively increased from 5.45% in 2019 to 11.28% in 2023. This suggests that the company has been effectively managing its costs and expenses while effectively growing its revenue streams.
The consistent upward trajectory of the pretax margin reflects positively on the company's operational efficiency and profitability. It signifies that Westinghouse Air Brake Technologies Corp has been able to increase its profitability by a larger percentage than its revenue growth, indicating effective cost control measures or improvements in operational efficiency.
Overall, the increasing trend in the pretax margin for Westinghouse Air Brake Technologies Corp showcases the company's ability to enhance its profitability and create value for its stakeholders over the past five years. This trend indicates a positive financial performance for the company, which is crucial for sustaining long-term growth and success in the competitive market environment.
Peer comparison
Dec 31, 2023