What is ITT's corporate and other — operating margin?

ITT (ITT) reported corporate and other — operating margin of 0% in Q3 2023.

What does corporate and other — operating margin mean?

The operating profit or loss of the corporate segment expressed as a percentage of its revenue.

How do you interpret corporate and other — operating margin?

A narrowing of the negative margin indicates improved corporate cost control relative to the size of the business.

How does corporate and other — operating margin compare across companies?

Typically negative for corporate segments; investors look for stability or improvement over time.

ITT ITT Corporate and Other — Operating Margin

Discontinued — last reported Q3 '23

Other segment segments

Motion Technologies

21%+7.7%

Connect & Control Technologies

17.7%+15.7%

Flow Technologies

15.3%—

Similar metrics at other companies

LIICorporate & Other — Total segment profit

-$29.1M-24.4%

WTWCorporate — Operating Income

-$56.5M-48.7%

CWCorporate and Other — Operating Income

-$10.69M-6.6%

FISCorporate and Other — Earnings Before Interest, Taxes, Depreciation and Amortization

-$265M-208%

NICorporate and Other — Operating Income (Loss)

$12.8M+121%

TTMICorporate — Operating Income

-$26.92M-15.4%

Other financials

Income statement

See full

Revenue$1.2B+32.7%

Gross profit$428.8M+32.7%

Operating income$141.2M-6.4%

Net income$78.0M-28.0%

EPS (diluted)$0.89-33.1%

Balance sheet

See full

Cash & equivalents$600.8M+36.6%

Total debt$3.5B+321%

Total equity$4.7B+70.5%

Total assets$11.1B+130%

Cash flow

See full

Operating cash flow$39.9M-64.8%

CapEx$26.1M-29.1%

Free cash flow$13.8M-82.0%

Valuation

See full

Market cap$17.6B+55.9%

Enterprise value$20.49B+76.8%

P/E38.5×+16.6×

P/S4.2×+1.0×

Profitability

See full

Gross margin35.5%+0.5pp

Operating margin15.9%-2.8pp

Net margin10.8%-3.4pp

Returns & leverage

See full

Return on equity12.2%-7.1pp

Debt / equity0.7×+0.4×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by ITT in its filing.

Tagged under the XBRL concept itt:OperatingMargin.

The official record: ITT’s 10-Q, filed November 2, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is ITT's corporate and other — operating margin?: ITT (ITT) reported corporate and other — operating margin of 0% in Q3 2023.
What does corporate and other — operating margin mean?: The operating profit or loss of the corporate segment expressed as a percentage of its revenue.
How do you interpret corporate and other — operating margin?: A narrowing of the negative margin indicates improved corporate cost control relative to the size of the business.
How does corporate and other — operating margin compare across companies?: Typically negative for corporate segments; investors look for stability or improvement over time.