Berry Global Group Inc (BERY)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	677,000	742,000	790,000	871,000	914,000	934,000	908,000	902,000	881,000	905,000	906,000	897,000	827,000	713,000	759,000	523,000	446,000	490,000	338,000	476,000
Revenue (ttm)	US$ in thousands	12,492,000	12,699,000	13,065,000	13,562,000	14,049,000	14,561,000	14,740,000	14,689,000	14,284,000	13,848,000	13,189,000	12,423,000	12,027,000	11,706,000	11,717,000	10,745,000	9,721,000	8,878,000	7,913,000	8,048,000
Pretax margin		5.42%	5.84%	6.05%	6.42%	6.51%	6.41%	6.16%	6.14%	6.17%	6.54%	6.87%	7.22%	6.88%	6.09%	6.48%	4.87%	4.59%	5.52%	4.27%	5.91%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $677,000K ÷ $12,492,000K
= 5.42%

The pretax margin of Berry Global Group Inc has shown some fluctuations over the past few quarters. The trend indicates that the company's pre-tax profitability, as a percentage of its total revenue, has generally been stable, ranging from a low of 4.27% in March 2019 to a high of 7.22% in June 2021.

In the most recent quarter of December 2023, the pretax margin stood at 5.42%, which is slightly lower than the preceding quarter. It is important to note that while the pretax margin is a key indicator of a company's operational efficiency and cost management, other factors such as interest expenses, taxes, and non-operating income can also impact this metric.

Overall, Berry Global Group Inc's pretax margin performance demonstrates a consistent effort towards maintaining profitability, although there may be room for improvement in managing costs and enhancing operational efficiency to achieve more stable and higher margins in the future.