Berry Global Group Inc (BERY)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 611,000 | 640,000 | 587,000 | 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 |
| Revenue (ttm) | US$ in thousands | 12,315,000 | 12,212,000 | 12,280,000 | 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 |
| Pretax margin | 4.96% | 5.24% | 4.78% | 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% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $611,000K ÷ $12,315,000K
= 4.96%
Berry Global Group Inc's pretax margin has shown some fluctuations over the past few quarters. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before taxes.
From December 2019 to March 2020, the pretax margin decreased significantly from 6.48% to 4.87%. This decline may have been influenced by various factors such as changes in revenue, operating expenses, or cost structure.
Subsequently, the pretax margin increased to 7.22% in June 2020, then gradually decreased to 4.78% in March 2024. This decrease could indicate challenges in managing costs efficiently, pricing strategies, or changes in the business environment impacting profitability.
Overall, despite some fluctuations, the pretax margin has generally remained within the range of 4.59% to 7.22% over the analyzed period, suggesting that Berry Global Group Inc has been able to generate profits before taxes relative to its revenue, albeit with some variability in performance. Further analysis of the company's financial statements and business operations would provide a deeper understanding of the factors influencing its pretax margin.
Peer comparison
Sep 30, 2024