AeroVironment Inc (AVAV)
Pretax margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 61,557 | -190,830 | -14,554 | 23,884 | 46,918 |
| Revenue | US$ in thousands | 715,090 | 538,194 | 480,176 | 437,161 | 428,516 |
| Pretax margin | 8.61% | -35.46% | -3.03% | 5.46% | 10.95% |
April 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $61,557K ÷ $715,090K
= 8.61%
AeroVironment Inc's pretax margin has fluctuated over the past five years. The company reported a pretax margin of 8.61% in 2024, a significant improvement compared to the previous year's negative pretax margin of -35.46% in 2023. This positive growth indicates that the company's pre-tax earnings relative to its total revenues have improved.
In 2022, AeroVironment Inc's pretax margin was -3.03%, reflecting a loss before tax, which was followed by a return to profitability with a pretax margin of 5.46% in 2021. The highest pretax margin over the past five years was recorded in 2020 at 10.95%.
Overall, despite the fluctuations in pretax margin, AeroVironment Inc managed to recover from a loss in 2023 to a positive pretax margin in 2024. This trend suggests that the company may have implemented strategies to improve its operational efficiency and profitability.
Peer comparison
Apr 30, 2024