Cardinal Health Inc (CAH)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,101,000 | 2,113,000 | 1,789,000 | 1,790,000 | 1,223,000 | 948,000 | 1,151,000 | 502,000 | 638,000 | 489,000 | -192,000 | -1,028,000 | -769,000 | -622,000 | -45,000 | 1,355,000 | 323,000 | 1,019,000 | 1,057,000 | 909,000 |
| Revenue (ttm) | US$ in thousands | 222,578,000 | 222,286,000 | 222,319,000 | 224,500,000 | 226,986,000 | 220,572,000 | 216,148,000 | 210,172,000 | 205,012,000 | 198,662,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 |
| Pretax margin | 0.94% | 0.95% | 0.80% | 0.80% | 0.54% | 0.43% | 0.53% | 0.24% | 0.31% | 0.25% | -0.10% | -0.55% | -0.42% | -0.35% | -0.03% | 0.81% | 0.20% | 0.65% | 0.68% | 0.59% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,101,000K ÷ $222,578,000K
= 0.94%
The pretax margin of Cardinal Health Inc. over the period from September 2020 to June 2025 exhibits a pattern of fluctuation with periods of both positive and negative values. Initially, in September 2020, the pretax margin stood at 0.59%, indicating a modestly profitable core before taxes. This margin increased slightly to 0.68% by the end of 2020 and remained relatively stable at 0.65% in March 2021. A significant decline was observed during the June 2021 quarter, where the margin sharply dropped to 0.20%. Subsequently, in the following quarter, September 2021, the margin recovered to a higher point at 0.81%, suggesting a temporary improvement in profitability before turning negative, with December 2021 reflecting a marginal loss at -0.03%.
The subsequent quarters saw continued negative margins, reaching a low of -0.55% in September 2022, indicating periods of operating challenges or increased costs outpacing revenues. The negative trend persisted through December 2022 and into March 2023, with margins at -0.10% and -0.35% respectively. However, starting with the quarter ending June 2023, the pretax margin began to recover positively, reaching 0.31%, and further increasing to 0.25% in March 2023, 0.43% in March 2024, and 0.80% again by September 2024. The upward trend continued into late 2024 and into 2025, with the margin reaching as high as 0.95% in March 2025.
Overall, the company's pretax margin demonstrates volatility, characterized by periods of profitability interrupted by downturns into negative territory. In recent periods, the margin shows signs of recovery and stabilization, returning to positive levels and gradually trending higher toward 1%. This pattern highlights the company's ability to recover from periods of pressure and suggests ongoing efforts toward improving underlying profitability.
Peer comparison
Jun 30, 2025