Commercial Metals Company (CMC)

Pretax margin

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	889,592	1,008,163	1,121,967	1,222,680	1,317,629	1,591,885	1,515,147	1,369,283	1,132,847	710,399	534,324	427,685	347,640	346,985	371,979	388,798	407,755	353,103	267,774	223,079
Revenue (ttm)	US$ in thousands	8,364,790	8,536,410	8,759,370	9,226,700	9,389,600	9,361,170	9,117,680	8,467,780	7,801,570	7,252,900	6,656,150	6,046,880	5,534,950	5,430,800	5,429,840	5,563,710	5,833,520	5,888,080	5,776,260	5,541,700
Pretax margin		10.63%	11.81%	12.81%	13.25%	14.03%	17.01%	16.62%	16.17%	14.52%	9.79%	8.03%	7.07%	6.28%	6.39%	6.85%	6.99%	6.99%	6.00%	4.64%	4.03%

February 29, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $889,592K ÷ $8,364,790K
= 10.63%

The pretax margin of Commercial Metals Company has shown fluctuations over the past several fiscal periods, ranging from a low of 4.03% to a high of 17.01%. The trend indicates some volatility in the company's ability to generate profits before accounting for taxes. Generally, the pretax margin has been above 10% in recent periods, with a peak of 17.01% in the quarter ending November 2022. However, there have also been periods, such as the quarter ending November 2021, where the pretax margin dipped below 6%.

Overall, the pretax margin of Commercial Metals Company reflects the company's efficiency in managing costs and generating profits. Analysts and investors may closely monitor this metric to assess the company's profitability and financial performance in relation to its operating costs and tax obligations.