Apogee Enterprises Inc (APOG)
Pretax margin
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 112,574 | 129,118 | 120,757 | 114,945 | 109,174 | 133,113 | 157,052 | 153,192 | 149,332 | 130,210 | 111,088 | 111,264 | 111,440 | 117,540 | 123,640 | 122,721 | 121,802 | 80,891 | 39,979 | 23,404 |
| Revenue (ttm) | US$ in thousands | 1,360,994 | 1,458,353 | 1,478,849 | 1,476,123 | 1,822,581 | 1,733,203 | 2,076,483 | 2,098,482 | 2,141,925 | 2,132,355 | 1,824,697 | 1,830,831 | 1,842,518 | 1,870,522 | 2,215,580 | 2,204,368 | 2,183,988 | 2,139,836 | 1,726,861 | 1,704,443 |
| Pretax margin | 8.27% | 8.85% | 8.17% | 7.79% | 5.99% | 7.68% | 7.56% | 7.30% | 6.97% | 6.11% | 6.09% | 6.08% | 6.05% | 6.28% | 5.58% | 5.57% | 5.58% | 3.78% | 2.32% | 1.37% |
February 28, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $112,574K ÷ $1,360,994K
= 8.27%
Apogee Enterprises Inc has shown a fluctuating trend in its pretax margin over the past few years. The pretax margin, which represents the percentage of revenue remaining after deducting operating expenses but before taxes, has varied between 1.37% and 8.85%.
Starting at 1.37% on May 28, 2022, the pretax margin gradually increased to reach its peak of 8.85% on November 30, 2024. This indicates that the company was able to improve its efficiency in generating profits relative to its revenue during this period.
However, there were some fluctuations in the pretax margin during this period, with a notable drop to 5.99% on March 2, 2024, before recovering again. This fluctuation suggests potential volatility in the company's operating performance or cost structure during that time.
Overall, the upward trend in the pretax margin from 1.37% in May 2022 to 8.27% in February 2025 is a positive sign of Apogee Enterprises Inc's ability to manage its operating expenses effectively and improve profitability. Nevertheless, it is essential for the company to monitor and address any factors that may have led to the fluctuations in the pretax margin to ensure sustained financial health and performance.