Apple Inc (AAPL)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 113,736,000 | 119,103,000 | 109,207,000 | 67,091,000 | 65,737,000 |
| Revenue | US$ in thousands | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 | 256,598,000 |
| Pretax margin | 29.98% | 30.43% | 30.07% | 24.70% | 25.62% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $113,736,000K ÷ $379,352,000K
= 29.98%
The pretax margin of Apple Inc has demonstrated relatively stable performance over the past five years, with the ratio ranging from 24.44% to 30.20%. The pretax margin indicates the company's efficiency in generating profits before accounting for taxes, and Apple's consistent high pretax margin reflects its ability to effectively control costs and efficiently generate earnings from its operations. The slight fluctuations in the pretax margin suggest that Apple has been successful in maintaining a strong financial position and managing its expenses, ultimately contributing to its overall profitability.
Peer comparison
Sep 30, 2023
Company name
Symbol
Pretax margin
Apple Inc
AAPL
29.98%
Omnicell Inc
OMCL
-1.69%
Super Micro Computer Inc
SMCI
10.54%