• Donaldson average pre-tax profit margin for 2023 was 13.81%, a 3.14% increase from 2022.
• Donaldson average pre-tax profit margin for 2022 was 13.39%, a 2.37% increase from 2021.
• Donaldson average pre-tax profit margin for 2021 was 13.08%, a 0.08% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.