Core & Main Inc (CNM)
Pretax margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 499,000 | 494,000 | 217,000 |
| Revenue | US$ in thousands | 6,621,000 | 6,585,000 | 4,906,000 |
| Pretax margin | 7.54% | 7.50% | 4.42% |
January 28, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $499,000K ÷ $6,621,000K
= 7.54%
Core & Main Inc's pretax margin has shown improvement over the past three years. In the most recent fiscal year ending January 28, 2024, the pretax margin stood at 7.54%, a slight increase from 7.50% in the prior year and a notable improvement from 4.42% two years ago. This trend indicates that the company has been effectively managing its costs and expenses relative to its revenue, resulting in a higher proportion of pre-tax income. The increasing pretax margin suggests that Core & Main Inc has been enhancing its operational efficiency and profitability over the years, which is a positive indicator for investors and stakeholders.