BJs Restaurants Inc (BJRI)

Pretax margin

		Dec 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	8,265	21,176	20,960	15,952	10,100	11,658	9,302	2,098	-8,308	-19,340	-21,140	-18,590	-19,182	-33,438	-37,290	-88,376	-89,950	-52,875	-39,243	21,601
Revenue (ttm)	US$ in thousands	1,357,302	1,336,598	1,329,540	1,329,283	1,333,229	1,353,746	1,346,450	1,326,477	1,283,926	1,231,042	1,201,874	1,162,460	1,087,038	992,774	909,481	747,222	778,510	872,573	952,425	1,125,491
Pretax margin		0.61%	1.58%	1.58%	1.20%	0.76%	0.86%	0.69%	0.16%	-0.65%	-1.57%	-1.76%	-1.60%	-1.76%	-3.37%	-4.10%	-11.83%	-11.55%	-6.06%	-4.12%	1.92%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,265K ÷ $1,357,302K
= 0.61%

Over the period from March 31, 2020, to December 31, 2024, BJs Restaurants Inc experienced fluctuations in its pretax margin. The company's pretax margin started at a low of 1.92% on March 31, 2020, but then turned negative in the following quarters, reaching its lowest point of -11.83% on March 31, 2021.

However, from March 31, 2021, onwards, there was a gradual improvement in the pretax margin. By December 31, 2024, the pretax margin had increased to 0.61%. The positive trend in the latter part of the period indicates that BJs Restaurants Inc was able to manage its expenses more effectively and generate better profits before taxes.

It is worth noting that while there were fluctuations in the pretax margin, the company was able to recover from the negative margins and ultimately show positive growth in profitability by the end of the period under review.