Compass Minerals International Inc (CMP)

Pretax margin

		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	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-146,600	-52,000	32,900	41,700	35,500	20,300	9,900	69,300	-120,100	-118,700	-116,900	-181,700	63,300	103,500	115,900	105,700	71,600	70,000	69,100	72,600
Revenue (ttm)	US$ in thousands	1,095,400	1,143,100	1,155,100	1,182,300	1,183,600	1,218,100	1,200,100	1,140,300	1,364,300	1,241,900	1,185,100	1,235,700	1,213,500	1,404,600	1,467,000	1,461,500	1,439,800	1,426,000	1,409,000	1,659,100
Pretax margin		-13.38%	-4.55%	2.85%	3.53%	3.00%	1.67%	0.82%	6.08%	-8.80%	-9.56%	-9.86%	-14.70%	5.22%	7.37%	7.90%	7.23%	4.97%	4.91%	4.90%	4.38%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-146,600K ÷ $1,095,400K
= -13.38%

The pretax margin of Compass Minerals International Inc has shown fluctuations over the past few quarters. The company's pretax margin was negative in the most recent quarter, indicating that its expenses exceeded its operating income. However, in the prior quarter, the pretax margin improved but remained negative. It is notable that the company experienced positive pretax margins in the quarters before that, but at relatively low levels.

Overall, the trend in pretax margin for Compass Minerals International Inc appears to be inconsistent, with periods of both positive and negative margins. This suggests that the company may be facing challenges in effectively managing its costs relative to its operating income. Continued monitoring of the company's financial performance is advisable to assess any potential improvements in its profitability.