Waters Corporation (WAT)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 754,868 | 736,243 | 837,846 | 806,193 | 610,914 |
| Revenue | US$ in thousands | 2,922,900 | 2,842,300 | 2,892,160 | 2,735,940 | 2,309,300 |
| Pretax margin | 25.83% | 25.90% | 28.97% | 29.47% | 26.45% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $754,868K ÷ $2,922,900K
= 25.83%
The pretax margin of Waters Corporation has exhibited some fluctuations over the five-year period from December 31, 2020, to December 31, 2024. In 2020, the pretax margin stood at 26.45%, showing a positive trend in the following year to reach 29.47% by the end of December 2021. However, there was a slight decline in 2022, with the pretax margin decreasing to 28.97%.
Subsequently, the pretax margin experienced a noticeable drop to 25.90% by December 31, 2023, followed by a marginal decrease to 25.83% by the end of December 2024. These variations in the pretax margin suggest some level of fluctuation in Waters Corporation's profitability before accounting for taxes.
Overall, while the pretax margin generally remained at a relatively healthy level throughout the period under review, stakeholders may want to further investigate the factors contributing to the fluctuations observed to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2024