Commercial Metals Company (CMC)
Pretax margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 635,671 | 1,121,970 | 1,515,150 | 534,018 | 371,979 |
| Revenue | US$ in thousands | 7,878,070 | 8,759,230 | 9,122,140 | 6,669,820 | 5,420,640 |
| Pretax margin | 8.07% | 12.81% | 16.61% | 8.01% | 6.86% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $635,671K ÷ $7,878,070K
= 8.07%
The pretax margin of Commercial Metals Company has shown fluctuations over the past five years. In 2022, the company achieved its highest pretax margin at 16.61%, indicating strong profitability before accounting for taxes. However, in 2020, the pretax margin was notably lower at 6.86%. The downward trend continued into 2021 but rebounded to 8.01% in that year.
The pretax margin decreased further to 8.07% in 2024, which suggests that the company's ability to generate profits before tax expenses has slightly declined compared to the previous year. It is important for stakeholders to monitor factors influencing the pretax margin, such as revenue growth, cost management, and operational efficiency, to assess Commercial Metals Company's financial performance comprehensively.
Peer comparison
Aug 31, 2024