Caseys General Stores Inc (CASY)

Pretax margin

		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	Jul 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	712,449	696,979	703,748	671,967	656,160	616,564	633,987	606,149	587,518	587,607	539,203	488,255	440,728	421,666	387,207	404,523	407,370	432,333	426,293	387,920
Revenue (ttm)	US$ in thousands	15,940,900	15,548,160	14,973,780	15,091,410	14,862,920	14,591,600	14,594,910	14,509,090	15,094,480	15,224,720	14,940,880	14,225,240	12,952,590	11,871,890	10,831,200	9,784,160	8,707,190	8,141,830	8,382,000	8,653,690
Pretax margin		4.47%	4.48%	4.70%	4.45%	4.41%	4.23%	4.34%	4.18%	3.89%	3.86%	3.61%	3.43%	3.40%	3.55%	3.57%	4.13%	4.68%	5.31%	5.09%	4.48%

April 30, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $712,449K ÷ $15,940,900K
= 4.47%

The pretax margin of Caseys General Stores Inc has exhibited notable fluctuations over the period analyzed. Starting at 4.48% as of July 31, 2020, the margin increased to a peak of 5.31% by January 31, 2021, indicating improved profitability before experiencing a decline to a low of 3.40% by April 30, 2022. This decline was followed by a relatively stable period with margins ranging between approximately 3.4% and 3.9% through October 2023. Notably, starting from January 31, 2023, there has been a gradual upward trend in the pretax margin, reaching 4.70% as of October 31, 2024. The margins in the subsequent periods remain close to this level, with a slight decrease to 4.47% projected for April 2025. Overall, the company's pretax margins display volatility over the analyzed timeframe, with recent data indicating a positive trend towards improved profitability margins.