Zebra Technologies Corporation (ZBRA)
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 | 334,000 | 544,000 | 968,000 | 560,000 | 598,000 |
| Revenue | US$ in thousands | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 | 4,392,000 |
| Pretax margin | 7.29% | 9.42% | 17.23% | 12.85% | 13.62% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $334,000K ÷ $4,582,000K
= 7.29%
The pretax margin of Zebra Technologies Corp. has shown some fluctuations over the past five years. In 2023, the pretax margin decreased to 7.29% from 9.41% in 2022. This decline indicates that the company's profitability before taxes reduced in 2023 compared to the previous year. However, when compared to 2021 and 2020, where the pretax margin was 17.20% and 12.59% respectively, the 2023 margin appears lower.
The pretax margin of 7.29% in 2023 is notably lower than the 2019 figure of 13.33%, indicating a declining trend over the five-year period. This may suggest that Zebra Technologies Corp. faced challenges in maintaining its profitability before tax in the most recent fiscal year, potentially due to factors such as increased costs, changes in revenue composition, or overall economic conditions impacting the business.
Further analysis and comparison with industry benchmarks and peers could provide deeper insights into the company's performance and competitive position. Monitoring future pretax margin trends will be crucial in assessing the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023