Berry Global Group Inc (BERY)

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	611,000	742,000	934,000	905,000	713,000
Revenue	US$ in thousands	12,258,000	12,663,000	14,493,000	13,848,000	11,695,000
Pretax margin		4.98%	5.86%	6.44%	6.54%	6.10%

September 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $611,000K ÷ $12,258,000K
= 4.98%

The pretax margin of Berry Global Group Inc has exhibited a declining trend over the past five years, decreasing from 6.10% in 2020 to 4.98% in 2024. This indicates a decrease in the company's profitability before considering taxes and other expenses. The downward trend in pretax margin could be a result of various factors such as increasing operating expenses, changes in revenue mix, or pricing pressures. It is important for the company to closely monitor and address the underlying causes of this decline to ensure sustainable profitability and financial performance in the future.

Peer comparison

Sep 30, 2024

Company name

Symbol

Pretax margin

Berry Global Group Inc

BERY

4.98%

AptarGroup Inc

ATR

10.76%

Armstrong World Industries Inc