Bellring Brands LLC (BRBR)

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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	329,400	293,800	255,300	220,000	220,400	203,100	196,000	159,300	111,900	79,900	41,200	37,600	36,400	33,700	25,200	30,700	32,700
Revenue (ttm)	US$ in thousands	1,996,200	1,913,000	1,843,500	1,734,500	1,666,800	1,573,400	1,498,100	1,427,700	1,371,500	1,332,300	1,304,300	1,271,200	1,247,100	1,189,700	1,051,300	1,026,700	988,300
Pretax margin		16.50%	15.36%	13.85%	12.68%	13.22%	12.91%	13.08%	11.16%	8.16%	6.00%	3.16%	2.96%	2.92%	2.83%	2.40%	2.99%	3.31%

September 30, 2024 calculation

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

The pretax margin of Bellring Brands LLC has shown a positive trend over the past quarters. Starting from a relatively low 2.99% in December 2020, the pretax margin has demonstrated consistent growth, reaching 16.50% in September 2024. This indicates that the company has been able to efficiently control its operating expenses and generate higher pre-tax profits relative to its revenue. The steady increase in pretax margin highlights an improvement in operational efficiency and management effectiveness, which is a positive sign for the company's financial performance and overall profitability.