ABM Industries Incorporated (ABM)

Pretax margin

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	331,000	310,000	179,800	53,400	160,100
Revenue	US$ in thousands	8,014,100	7,765,500	6,200,000	5,943,000	6,447,500
Pretax margin		4.13%	3.99%	2.90%	0.90%	2.48%

October 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $331,000K ÷ $8,014,100K
= 4.13%

ABM Industries Inc.'s pretax margin has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits before taxes relative to its total revenue. The pretax margin increased from 2.47% in 2019 to 4.09% in 2023, with a significant rise in 2021 to 2.89% compared to the 2020 figure of 0.89%. This suggests enhanced cost management or increased operating efficiencies. The company's ability to generate profits before accounting for tax obligations has strengthened, reflecting positively on its overall financial performance.

Peer comparison

Oct 31, 2023

Company name

Symbol

Pretax margin

ABM Industries Incorporated

ABM

4.13%