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%
Airbnb Inc
ABNB
21.20%
Frontdoor Inc
FTDR
12.81%
Rollins Inc
ROL
19.10%