Adobe Systems Incorporated (ADBE)
Pretax margin
| Nov 29, 2024 | Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 6,931,000 | 6,799,000 | 6,008,000 | 5,705,000 | 4,176,000 |
| Revenue | US$ in thousands | 21,505,000 | 19,409,000 | 17,606,000 | 15,785,000 | 12,868,000 |
| Pretax margin | 32.23% | 35.03% | 34.12% | 36.14% | 32.45% |
November 29, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $6,931,000K ÷ $21,505,000K
= 32.23%
The pretax margin of Adobe Systems Incorporated has demonstrated a relatively stable performance over the past five years, ranging from 32.23% to 36.14%. The company's ability to generate earnings before taxes as a percentage of its total revenue highlights its efficiency in managing costs and generating profits. Despite a slight decline in the pretax margin from 2021 to 2024, the company has maintained a healthy level above 30%. This indicates that Adobe has been effectively controlling its operating expenses and maximizing its profitability before accounting for taxes. The consistency in Adobe's pretax margin suggests a solid financial performance and efficient operational management.
Peer comparison
Nov 29, 2024