Amcor PLC (AMCR)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 650,000 | 1,015,000 | 1,008,000 | 949,000 | 907,000 | 841,000 | 824,000 | 1,153,000 | 1,251,000 | 1,215,000 | 1,345,000 | 1,141,000 | 1,115,000 | 1,232,000 | 1,230,000 | 1,217,000 | 1,193,000 | 1,101,000 | 996,100 | 949,800 |
| Revenue (ttm) | US$ in thousands | 15,009,000 | 13,462,000 | 13,539,000 | 13,549,000 | 13,639,000 | 13,777,000 | 14,034,000 | 14,425,000 | 14,694,000 | 14,930,000 | 14,971,000 | 14,836,000 | 14,544,000 | 14,089,000 | 13,588,000 | 13,184,000 | 12,861,000 | 12,550,200 | 12,484,200 | 12,424,300 |
| Pretax margin | 4.33% | 7.54% | 7.45% | 7.00% | 6.65% | 6.10% | 5.87% | 7.99% | 8.51% | 8.14% | 8.98% | 7.69% | 7.67% | 8.74% | 9.05% | 9.23% | 9.28% | 8.77% | 7.98% | 7.64% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $650,000K ÷ $15,009,000K
= 4.33%
The pretax margin of Amcor PLC demonstrates a generally upward trend from September 2020 through the first half of 2023, with notable fluctuations over this period. Starting at 7.64% as of September 30, 2020, the margin steadily increased, reaching a peak of approximately 9.28% by June 30, 2021. This indicates an improvement in operating profitability before the impact of taxes during this period.
Throughout the remainder of 2021 and into early 2022, the pretax margin experienced slight fluctuations, maintaining levels between approximately 8.74% and 9.05%. The margin declined somewhat in the latter half of 2022, dipping to around 7.69% in September 2022 before increasing again to nearly 8.98% at the end of December 2022. In the first half of 2023, the margin fluctuated around 8.14% in March and 8.51% in June, reflecting periods of relative stability with minor variability.
After June 2023, a downward trend becomes evident, culminating in a significant decline to 5.87% by December 31, 2023. This substantial decrease suggests a deterioration in pre-tax profitability or increased costs impacting pretax results. The margin then shows a partial recovery in early 2024, rising to 6.10% in March and 6.65% in June, with further improvement to 7.00% by September 2024 and a modest increase to 7.45% in December 2024. The trend continues positively into early 2025, reaching 7.54% in March before a substantial decline to 4.33% in June 2025.
Overall, the pretax margin reflects periods of growth and stability primarily from 2020 through mid-2023, with a marked decline commencing in late 2023 and persisting into mid-2025. The volatility observed suggests dynamic shifts in operational efficiency, cost management, or revenue generation, emphasizing the importance of ongoing performance monitoring for sustained profitability.
Peer comparison
Jun 30, 2025