Brady Corporation (BRC)
Pretax margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 237,097 | 244,800 | 243,466 | 247,239 | 247,841 | 243,451 | 242,073 | 234,763 | 225,696 | 215,868 | 204,087 | 197,619 | 191,980 | 179,604 | 176,127 | 173,482 | 171,023 | 164,265 | 138,643 | 141,603 |
| Revenue (ttm) | US$ in thousands | 1,513,605 | 1,459,732 | 1,420,526 | 1,386,475 | 1,341,393 | 1,343,920 | 1,337,652 | 1,341,277 | 1,331,863 | 1,309,915 | 1,311,350 | 1,303,156 | 1,302,062 | 1,284,211 | 1,241,163 | 1,188,946 | 1,144,698 | 1,090,312 | 1,060,752 | 1,071,579 |
| Pretax margin | 15.66% | 16.77% | 17.14% | 17.83% | 18.48% | 18.11% | 18.10% | 17.50% | 16.95% | 16.48% | 15.56% | 15.16% | 14.74% | 13.99% | 14.19% | 14.59% | 14.94% | 15.07% | 13.07% | 13.21% |
July 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $237,097K ÷ $1,513,605K
= 15.66%
The pretax margin of Brady Corporation exhibits a general upward trend over the analyzed period, indicating improved profitability before taxes. Starting from 13.21% as of October 31, 2020, the pretax margin experienced a gradual increase, reaching 17.50% by October 31, 2023. This period demonstrates steady expansion, particularly from April 30, 2022, onward, where margins rose from 13.99% to 16.48% by April 30, 2023, and continued upward through October 2023.
Post-October 2023, the pretax margin peaks at 18.10% in January 2024, maintaining a relatively high level before declining somewhat to 17.14% by January 2025. The trend indicates that Brady Corporation’s pretax profitability improved notably over the observed span, with the most significant growth observed between April 2022 and October 2024. The slight decline thereafter suggests some moderation or potential challenges impacting profitability.
Overall, the movement of the pretax margin reflects consistent operational efficiency gains and potentially successful management strategies leading to higher pre-tax earnings relative to revenue. The data indicates a positive profitability trajectory with improvements over time, punctuated by minor fluctuations toward the later periods.