Apple Inc (AAPL)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 123,485,000 | 120,873,000 | 118,112,000 | 118,436,000 | 113,736,000 | 111,395,000 | 111,728,000 | 113,485,000 | 119,103,000 | 117,694,000 | 118,997,000 | 116,869,000 | 109,207,000 | 100,860,000 | 89,628,000 | 74,752,000 | 67,091,000 | 68,317,000 | 67,091,000 | 67,749,000 |
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Pretax margin | 31.58% | 31.43% | 31.11% | 30.87% | 29.91% | 29.23% | 29.21% | 29.53% | 30.43% | 30.59% | 31.05% | 31.11% | 30.07% | 29.22% | 27.71% | 25.60% | 24.64% | 25.15% | 25.26% | 25.56% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $123,485,000K ÷ $391,035,000K
= 31.58%
Apple Inc's pretax margin has shown a generally increasing trend over the past few quarters, indicating improving profitability before accounting for taxes. The pretax margin stood at 31.58% at the end of September 2024, a slight increase compared to the margin of 31.43% from the previous quarter. This positive trend is consistent with the company's ability to efficiently generate earnings relative to its revenue. It is noteworthy that the pretax margin has surpassed 30% consistently over the last four quarters, reflecting Apple's strong operational performance and effective cost management. Additionally, the pretax margin has shown significant improvement compared to previous years, with a noticeable uptrend starting from the end of 2020. This suggests that Apple has been successful in enhancing its profitability and efficiency in recent periods.
Peer comparison
Sep 30, 2024