Bellring Brands LLC (BRBR)

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	329,400	220,400	111,900	36,400	32,700
Revenue	US$ in thousands	1,996,200	1,666,800	1,371,500	1,247,100	988,300
Pretax margin		16.50%	13.22%	8.16%	2.92%	3.31%

September 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $329,400K ÷ $1,996,200K
= 16.50%

The pretax margin of Bellring Brands LLC has shown a positive trend over the past five years, indicating an improvement in the company's profitability before taxes. The pretax margin increased from 3.31% in 2020 to 16.50% in 2024, demonstrating a steady growth in the company's ability to generate earnings relative to its total revenue.

This improvement suggests that Bellring Brands LLC has been effectively managing its operating costs and expenses while increasing its operating income. A higher pretax margin indicates that the company is becoming more efficient in generating profits from its core business activities.

Overall, the upward trend in the pretax margin of Bellring Brands LLC reflects a positive financial performance and a strengthening of the company's profitability over the years.