Zebra Technologies Corporation (ZBRA)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 567,000 | 551,000 | 522,000 |
| Revenue (ttm) | US$ in thousands | 4,619,000 | 4,991,000 | 5,444,000 | 5,713,000 | 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 | 4,428,000 | 4,386,000 | 4,297,000 |
| Pretax margin | 7.23% | 11.16% | 14.75% | 8.38% | 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% | 12.80% | 12.56% | 12.15% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $334,000K ÷ $4,619,000K
= 7.23%
To analyze Zebra Technologies Corp.'s pretax margin over the past eight quarters, we observe fluctuations in the profitability of the company before accounting for taxes. The pretax margins ranged from 7.29% to 16.49% during this period.
In Q1 2022, the company reported a high pretax margin of 16.49%, reflecting strong operational efficiency and control over operating expenses. However, in subsequent quarters, there was a downward trend in pretax margins until Q2 2023, where it reached a low of 8.32%. This decline could be attributed to various factors such as increased operating costs, lower revenue growth, or one-time expenses impacting profitability.
The pretax margin then rebounded in Q3 2023 to 10.97% and further improved in Q4 2023 to 7.29%. While the recent quarters show signs of recovery, the pretax margin remains lower than the peak seen in Q1 2022.
Overall, Zebra Technologies Corp.'s pretax margin analysis indicates fluctuations in profitability performance over the past eight quarters. Investors and analysts may closely monitor future financial results to assess the company's ability to sustain and potentially improve its pretax margins in the upcoming periods.
Peer comparison
Dec 31, 2023