Coty Inc (COTY)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -344,800 | -378,700 | 85,300 | 286,100 | 204,500 | 390,700 | 528,900 | 551,700 | 704,800 | 345,200 | 258,400 | 287,500 | 426,800 | 639,100 | 595,100 | 226,000 | -239,800 | -1,133,600 | -1,477,300 | -1,454,500 |
| Revenue (ttm) | US$ in thousands | 5,892,900 | 6,003,900 | 6,090,400 | 6,148,100 | 6,118,000 | 6,106,200 | 6,009,500 | 5,805,500 | 5,554,100 | 5,370,800 | 5,268,100 | 5,322,700 | 5,304,400 | 5,198,500 | 5,040,100 | 4,877,500 | 4,629,900 | 4,127,900 | 4,628,100 | 5,557,500 |
| Pretax margin | -5.85% | -6.31% | 1.40% | 4.65% | 3.34% | 6.40% | 8.80% | 9.50% | 12.69% | 6.43% | 4.90% | 5.40% | 8.05% | 12.29% | 11.81% | 4.63% | -5.18% | -27.46% | -31.92% | -26.17% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-344,800K ÷ $5,892,900K
= -5.85%
Coty Inc.'s pretax margin has exhibited significant fluctuations over the specified period, reflecting varying levels of profitability and operational efficiency. Starting from a substantial loss of -26.17% as of September 30, 2020, the company's pretax margin further declined to -31.92% by the end of 2020, indicating substantial operating challenges during that interval.
Throughout 2021, the pretax margin demonstrated a notable improvement. It moved from a negative position of -27.46% at the end of March 2021 to a positive 4.63% by September 2021, and further strengthened to 11.81% at the end of December 2021. The upward trend continued into early 2022, with margins reaching 12.29% in March 2022 and maintaining a positive yet slightly lower level of 8.05% by June 2022. The margins during this period suggest a recovery phase, likely driven by improved operational performance or cost management efforts.
In the latter half of 2022, the pretax margin experienced some contraction, with figures of 5.40% in September and 4.90% in December, indicating a slight tightening of profitability. The first half of 2023 saw marginal increases, with March 2023 at 6.43% and a further rise to 12.69% by June 2023, before a slight decrease to 9.50% in September 2023. These shifts reflect ongoing variability but generally suggest that profitability remained positive during this period.
However, in late 2023 and into early 2024, a downward trend reemerged. The margin declined from 8.80% in December 2023 to 6.40% in March 2024, and further to 3.34% in June 2024. The most recent data as of September 2024 indicates a slight recovery to 4.65%. Nonetheless, this trajectory illustrates challenges in sustaining higher profit margins amid changing market dynamics or cost pressures.
The forecasted figures for the subsequent periods show a continued negative trend, with margins expected to decline to -6.31% in March 2025 and -5.85% in June 2025, implying anticipated operational difficulties or increased expenses overshadowing revenue growth.
Overall, the pretax margin trend for Coty Inc. underscores a period of severe losses in 2020, followed by a gradual recovery and attainment of positive margins during 2021 and parts of 2022 and 2023. Recent projections suggest potential headwinds, with margins turning negative again, highlighting ongoing challenges in achieving sustained profitability.
Peer comparison
Jun 30, 2025