Amentum Holdings Inc. (AMTM)
Pretax margin
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | — | 323,000 | 304,000 |
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Pretax margin | 0.00% | 5.83% | 5.87% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $—K ÷ $8,343,000K
= 0.00%
To analyze Amentum Holdings Inc.'s pretax margin, we will look at the trend over the given periods.
- In December 31, 2022, the pretax margin was 5.87%. This indicates that for every dollar of revenue generated, the company had a pre-tax profit of $0.0587 before accounting for taxes and other expenses.
- In December 31, 2023, the pretax margin slightly decreased to 5.83%. Despite the slight decrease, the company still maintained a healthy margin relative to its revenues.
- The pretax margin significantly dropped to 0.00% on September 30, 2024. This suggests that the company did not report any pre-tax profits during this period, potentially indicating operational challenges or one-time events affecting profitability.
Overall, Amentum Holdings Inc. showed a stable pretax margin from December 31, 2022, to December 31, 2023. However, the significant decrease in pretax margin in September 30, 2024, raises concerns about the company's profitability and efficiency in generating pre-tax profits. Further analysis is needed to understand the reasons behind this sharp decline and to assess the company's overall financial performance.
Peer comparison
Sep 30, 2024