Core & Main Inc (CNM)
Pretax margin
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 499,000 | 492,000 | 492,000 | 495,000 | 494,000 | 465,000 | 403,000 | 280,000 |
| Revenue (ttm) | US$ in thousands | 6,621,000 | 6,557,000 | 6,552,000 | 6,557,000 | 6,585,000 | 6,464,800 | 6,054,600 | 5,471,600 |
| Pretax margin | 7.54% | 7.50% | 7.51% | 7.55% | 7.50% | 7.19% | 6.66% | 5.12% |
January 28, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $499,000K ÷ $6,621,000K
= 7.54%
Core & Main Inc's pretax margin has shown a relatively stable performance over the past eight quarters, ranging from 5.12% to 7.55%. The pretax margin measures the company's efficiency in generating profits before taxes relative to its total revenue.
The pretax margin has consistently remained above 5%, indicating that the company has been able to control its operating expenses effectively while generating a reasonable level of profitability. This stability in the pretax margin suggests that Core & Main Inc has been able to maintain a good balance between revenue generation and cost management.
While there has been some minor fluctuation in the pretax margin over the quarters, with the highest being 7.55% in April 30, 2023, and the lowest at 5.12% in May 1, 2022, the overall trend shows a positive trajectory. This indicates that the company has been able to achieve a consistent level of profitability despite changes in economic conditions or operational challenges.
Overall, Core & Main Inc's pretax margin performance reflects a solid financial management strategy and operational efficiency, which has allowed the company to sustain profitability over the analyzed period.