Adobe Systems Incorporated (ADBE)
Pretax margin
| Nov 29, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Dec 1, 2023 | Sep 1, 2023 | Jun 2, 2023 | Mar 3, 2023 | Dec 2, 2022 | Sep 2, 2022 | Jun 3, 2022 | Mar 4, 2022 | Dec 3, 2021 | Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,931,000 | 6,748,000 | 6,449,000 | 6,169,000 | 6,799,000 | 6,508,000 | 6,221,000 | 6,063,000 | 6,008,000 | 5,959,000 | 5,921,000 | 5,815,000 | 5,705,000 | 5,434,000 | 5,076,000 | 4,690,000 | 4,176,000 | 3,937,000 | 3,712,000 | 3,423,000 |
| Revenue (ttm) | US$ in thousands | 21,505,000 | 20,947,000 | 20,429,000 | 19,936,000 | 19,409,000 | 18,886,000 | 18,429,000 | 17,999,000 | 17,606,000 | 17,191,000 | 16,693,000 | 16,142,000 | 15,785,000 | 15,099,000 | 14,389,000 | 13,682,000 | 12,868,000 | 12,436,000 | 12,045,000 | 11,661,000 |
| Pretax margin | 32.23% | 32.21% | 31.57% | 30.94% | 35.03% | 34.46% | 33.76% | 33.69% | 34.12% | 34.66% | 35.47% | 36.02% | 36.14% | 35.99% | 35.28% | 34.28% | 32.45% | 31.66% | 30.82% | 29.35% |
November 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,931,000K ÷ $21,505,000K
= 32.23%
Adobe Systems Incorporated has shown a consistent upward trend in its pretax margin over the past several years, indicating the company's ability to effectively manage its expenses relative to its revenue. The pretax margin increased from 29.35% as of February 28, 2020, to its peak of 36.14% on December 3, 2021. This improvement demonstrates Adobe's operational efficiency and profit generation capabilities.
Following the peak, the pretax margin experienced a slight decline but remained relatively strong, hovering around the mid-30% range. As of March 1, 2024, the pretax margin stood at 30.94%, indicating a temporary dip in profitability compared to previous periods.
It is worth noting that despite the minor decrease in the pretax margin in 2024, Adobe Systems Incorporated has maintained a healthy level of profitability overall. Further analysis of the company's financial performance and operational strategies would provide more insights into the factors influencing its pretax margin dynamics.
Peer comparison
Nov 29, 2024