Coty Inc (COTY)

Pretax margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	-344,800	204,500	704,800	426,800	-239,800
Revenue	US$ in thousands	5,892,900	6,118,000	5,554,100	5,304,400	4,629,900
Pretax margin		-5.85%	3.34%	12.69%	8.05%	-5.18%

June 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $-344,800K ÷ $5,892,900K
= -5.85%

The pretax margin of Coty Inc. exhibits notable fluctuations over the specified period, reflecting shifts in the company's profitability before tax expenses. As of June 30, 2021, the pretax margin was recorded at -5.18%, indicating that the company's pre-tax earnings were negative, representing a period of loss or significant expenses exceeding revenues.

By June 30, 2022, the pretax margin shifted to a positive 8.05%, signifying an improvement in profitability and a move into a profitable pre-tax position. This positive trend continued into June 30, 2023, with the pretax margin reaching 12.69%, which suggests a period of heightened profitability and potential operational efficiency gains.

However, the margin experienced a pronounced contraction by June 30, 2024, reducing to 3.34%. This decline indicates a diminishment in pre-tax profitability, possibly due to increased expenses, pricing pressures, or other operational challenges. Despite remaining positive, the margin demonstrates a considerable reduction from the previous year, suggesting a potential slowdown in profit growth.

Looking forward, by June 30, 2025, the pretax margin reverted to negative territory at -5.85%. This reversal indicates a deterioration in pre-tax profitability, possibly driven by unfavorable market conditions, increased costs, or restructuring expenses. Overall, Coty Inc.'s pretax margin has experienced significant volatility over the analyzed period, oscillating between losses and gains, with recent data indicating a challenging environment impacting pre-tax profitability.