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EBT Margin by Segment
Highlights the earnings before tax margin for each segment, indicating operational efficiency and profitability across the company’s diverse operations.Intelligent Devices’ EBT margin has marched higher and stayed resilient into 2026, signalling durable pricing, cost discipline and tailwinds from higher‑margin verticals (power, test) despite localized Middle East disruption. By contrast, Software and Control is highly lumpy—big spikes (notably 2025‑09) reflect timing/renewal recognition rather than steady operational improvement; Q2 renewal headwinds and a ~300bp drag explain recent pullbacks. Management’s strong ACV/orders and raised EBITDA guidance support longer‑term software margin upside, but near‑term quarterly volatility remains the key execution risk.
Date | Intelligent Devices | Software and Control |
|---|---|---|
Jun 30, 2026 | 24.30 | 18.00 |
Mar 31, 2026 | 25.00 | 14.60 |
Dec 31, 2025 | 25.00 | 17.00 |
Sep 30, 2025 | 26.60 | 24.70 |
Jun 30, 2025 | 22.50 | 16.70 |
Mar 31, 2025 | 23.90 | 15.10 |
Dec 31, 2024 | 24.10 | 14.40 |
Sep 30, 2024 | 24.00 | 3.90 |
Jun 30, 2024 | 23.10 | 9.20 |
Mar 31, 2024 | 23.90 | 4.70 |