Commercial Metals Company (CMC)
Pretax margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,121,970 | 1,515,150 | 534,018 | 371,979 | 267,774 |
| Revenue | US$ in thousands | 8,759,230 | 9,122,140 | 6,669,820 | 5,420,640 | 5,761,080 |
| Pretax margin | 12.81% | 16.61% | 8.01% | 6.86% | 4.65% |
August 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,121,970K ÷ $8,759,230K
= 12.81%
The pretax margin of Commercial Metals Co. has shown fluctuations over the past five years. In 2023, the pretax margin decreased to 12.75% from 17.00% in 2022, indicating a decline in the company's pre-tax profitability. However, the pretax margin in 2023 remained higher compared to the earlier years, specifically in 2021 and 2020, where it was 7.94% and 6.77% respectively. This suggests that the company's profitability has improved over the last two years. The highest pretax margin of 17.00% was observed in 2022, indicating that the company was more efficient in generating profits before accounting for taxes. Overall, further analysis of the company's financial and operational performance is necessary to understand the factors contributing to these fluctuations in the pretax margin.
Peer comparison
Aug 31, 2023