Woodward Inc (WWD)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 453,971 | 450,480 | 434,122 | 353,739 | 275,768 | 235,497 | 180,046 | 193,901 | 199,898 | 203,159 | 211,570 | 235,961 | 245,799 | 252,887 | 239,205 | 267,917 | 281,881 | 290,378 | 337,676 | 320,645 |
| Revenue (ttm) | US$ in thousands | 3,311,919 | 3,214,747 | 3,156,401 | 3,033,346 | 2,865,507 | 2,731,573 | 2,548,442 | 2,427,467 | 2,353,549 | 2,281,598 | 2,224,172 | 2,218,179 | 2,214,167 | 2,184,932 | 2,152,575 | 2,292,043 | 2,474,487 | 2,679,760 | 2,904,004 | 2,938,143 |
| Pretax margin | 13.71% | 14.01% | 13.75% | 11.66% | 9.62% | 8.62% | 7.06% | 7.99% | 8.49% | 8.90% | 9.51% | 10.64% | 11.10% | 11.57% | 11.11% | 11.69% | 11.39% | 10.84% | 11.63% | 10.91% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $453,971K ÷ $3,311,919K
= 13.71%
The pretax margin of Woodward Inc has shown a generally positive trend over the past few quarters, indicating the company's ability to generate profits before taxes relative to its total revenue. The pretax margin has improved steadily from 10.91% in March 2020 to 13.71% in September 2024, with some fluctuations along the way. This indicates that Woodward Inc has been more effective in controlling its operating expenses and enhancing operational efficiency over the quarters.
The pretax margin peaked at 14.01% in June 2024, showcasing a strong performance in that quarter. However, there was a slight dip to 13.75% in March 2024 before recovering to 13.71% in the most recent quarter. Despite the fluctuations, the pretax margin has generally remained above 10% over the analyzed period, reflecting a healthy profitability level for Woodward Inc.
Overall, the improving trend in pretax margin suggests that Woodward Inc has been successfully managing its costs and operating efficiently to enhance its profitability. Further monitoring of this metric will be essential to track the company's financial performance and sustainability in the future.