Salesforce.com Inc (CRM)
Pretax margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,950,000 | 660,000 | 1,532,000 | 2,561,000 | 706,000 |
| Revenue | US$ in thousands | 34,869,000 | 31,213,000 | 28,164,000 | 22,027,000 | 17,321,000 |
| Pretax margin | 14.20% | 2.11% | 5.44% | 11.63% | 4.08% |
January 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,950,000K ÷ $34,869,000K
= 14.20%
The pretax margin of Salesforce Inc has shown fluctuations over the past five years. In the most recent fiscal year, ending on January 31, 2024, the pretax margin was 14.20%, indicating that the company retained $0.142 in pretax profit for every dollar of revenue generated. This represents a significant improvement compared to the prior year, where the pretax margin was only 2.11%.
The pretax margin in the fiscal year ending January 31, 2022, was 5.78%, showing a moderate increase from the previous year but still lower than the most recent fiscal year. In the fiscal year ending January 31, 2021, the pretax margin was 12.05%, reflecting a strong performance compared to the fiscal year ending January 31, 2020, where the pretax margin was 4.13%.
Overall, the upward trend in pretax margin from 2020 to 2024 indicates an improvement in Salesforce Inc's ability to generate profits before accounting for taxes. However, fluctuations in the pretax margin over the years suggest that the company's profitability levels have varied, highlighting the importance of consistent monitoring and evaluation of financial performance.
Peer comparison
Jan 31, 2024