Zebra Technologies Corporation (ZBRA)
Pretax margin
| Dec 31, 2024 | Sep 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 | 501,000 | 269,000 | 291,000 | 334,000 | 557,000 | 803,000 | 479,000 | 544,000 | 545,000 | 551,000 | 942,000 | 968,000 | 958,000 | 868,000 | 733,000 | 560,000 | 523,000 | 544,000 | 570,000 | 598,000 |
| Revenue (ttm) | US$ in thousands | 4,827,000 | 4,428,000 | 4,375,000 | 4,583,000 | 4,955,000 | 5,408,000 | 5,677,000 | 5,778,000 | 5,803,000 | 5,831,000 | 5,738,000 | 5,617,000 | 5,453,000 | 5,155,000 | 4,733,000 | 4,433,000 | 4,317,000 | 4,320,000 | 4,469,000 | 4,483,000 |
| Pretax margin | 10.38% | 6.07% | 6.65% | 7.29% | 11.24% | 14.85% | 8.44% | 9.42% | 9.39% | 9.45% | 16.42% | 17.23% | 17.57% | 16.84% | 15.49% | 12.63% | 12.11% | 12.59% | 12.75% | 13.34% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $501,000K ÷ $4,827,000K
= 10.38%
The pretax margin of Zebra Technologies Corporation has fluctuated over the past few years, ranging from a high of 17.57% in September 2021 to a low of 6.07% in September 2024. The trend indicates some volatility in the company's ability to generate profits before accounting for taxes.
There was a notable increase in the pretax margin from the end of 2022 to the first half of 2023, with margins hovering around the 14-17% range. However, towards the end of 2023 and into 2024, the pretax margin started to decline steadily, hitting a low point of 6.07% in September 2024. This downward trend may suggest challenges in cost management or revenue generation for the company during this period.
Overall, the pretax margin trend of Zebra Technologies Corporation shows both periods of strong profitability and moments of weaker performance. It will be important for the company to closely monitor and address the factors contributing to these fluctuations to maintain a healthy level of profitability in the future.
Peer comparison
Dec 31, 2024