Air Products and Chemicals Inc (APD)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,773,100 | 2,851,400 | 2,756,900 | 2,561,900 | 2,365,100 |
| Revenue | US$ in thousands | 12,100,600 | 12,600,000 | 12,698,600 | 10,323,000 | 8,856,300 |
| Pretax margin | 39.45% | 22.63% | 21.71% | 24.82% | 26.71% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,773,100K ÷ $12,100,600K
= 39.45%
The pretax margin of Air Products and Chemicals Inc has exhibited a varying trend over the past five years. In the fiscal year ending in September 2020, the pretax margin stood at 26.71%, indicating that for every dollar of revenue generated, the company retained approximately 26.71 cents before accounting for income taxes.
Subsequently, there was a decline in the pretax margin in the fiscal year ending in September 2021 to 24.82%, followed by a further decrease to 21.71% in the fiscal year ending in September 2022. However, there was a notable improvement in the fiscal year ending in September 2023, with the pretax margin increasing to 22.63%.
The most recent data available, for the fiscal year ending in September 2024, shows a significant improvement in the pretax margin to 39.45%. This indicates that the company has enhanced its efficiency in managing costs and expenses relative to its revenue, resulting in a higher pretax margin.
Overall, the fluctuations in Air Products and Chemicals Inc's pretax margin over the years suggest varying levels of operational efficiency and cost management within the company. It is essential for stakeholders to closely monitor this metric to assess the company's ability to generate profits before accounting for income taxes.
Peer comparison
Sep 30, 2024