AeroVironment Inc (AVAV)
Pretax margin
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 61,557 | -109,424 | -125,775 | -161,838 | -190,830 | -1,369 | -15,593 | -5,462 | -14,554 | 20,159 | 40,153 | 83,726 | 154,414 | 116,226 | 148,603 | 119,246 | 93,316 | 135,093 | 98,159 | 101,274 |
| Revenue (ttm) | US$ in thousands | 715,435 | 704,843 | 652,660 | 583,428 | 539,407 | 496,023 | 461,264 | 482,030 | 485,044 | 478,879 | 471,908 | 427,008 | 451,353 | 402,249 | 397,514 | 383,043 | 325,863 | 356,333 | 323,036 | 315,858 |
| Pretax margin | 8.60% | -15.52% | -19.27% | -27.74% | -35.38% | -0.28% | -3.38% | -1.13% | -3.00% | 4.21% | 8.51% | 19.61% | 34.21% | 28.89% | 37.38% | 31.13% | 28.64% | 37.91% | 30.39% | 32.06% |
April 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $61,557K ÷ $715,435K
= 8.60%
The pretax margin of AeroVironment Inc has shown fluctuating trends over the past several quarters. The company experienced a negative pretax margin in the January 2024 and October 2023 periods, indicating that its earnings before taxes were insufficient to cover its operating expenses during these periods.
However, the pretax margin improved significantly in the subsequent quarters, reaching positive values in the April 2023 quarter and beyond. The pretax margin peaked at 37.91% in the April 2019 quarter, signifying that AeroVironment Inc was able to generate strong profits relative to its revenue before accounting for taxes during that period.
Overall, the pretax margin of AeroVironment Inc has exhibited variability but has shown a general trend of improvement in recent quarters, reflecting the company's efforts to enhance its profitability and operational efficiency.
Peer comparison
Apr 30, 2024