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%