Cisco Systems Inc (CSCO)

Pretax margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Jul 27, 2024	Apr 30, 2024	Apr 27, 2024	Jan 31, 2024	Jan 27, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	9,946,000	9,294,000	9,262,000	10,027,000	10,792,000	12,999,000	15,206,000	16,516,000	17,826,000	17,341,000	16,856,000	15,800,000	14,744,000	14,262,000	13,780,000	13,781,000	13,782,000	14,108,000	14,236,000	14,423,000
Revenue (ttm)	US$ in thousands	55,724,000	54,435,000	52,960,000	52,109,000	50,539,000	52,505,000	54,704,000	57,116,000	59,550,000	59,453,000	59,379,000	57,768,000	56,170,000	55,231,000	54,303,000	53,813,000	53,334,000	52,537,000	51,694,000	51,287,000
Pretax margin		17.85%	17.07%	17.49%	19.24%	21.35%	24.76%	27.80%	28.92%	29.93%	29.17%	28.39%	27.35%	26.25%	25.82%	25.38%	25.61%	25.84%	26.85%	27.54%	28.12%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,946,000K ÷ $55,724,000K
= 17.85%

The pretax margin of Cisco Systems Inc has displayed a somewhat fluctuating trend over the past few years. Starting at 28.12% in July 2022, the margin slightly decreased to 27.54% by the end of the same quarter. Subsequently, there was a gradual decline in the pretax margin figures, reaching a low of 17.49% by the end of July 2024.

However, there was a slight improvement in the following quarters, with the margin increasing to 17.85% by January 2025. It is important to note that while the pretax margin experienced some volatility, it remained relatively stable within the range of mid-20s to high-teens percentage points. This suggests that Cisco Systems Inc has been able to effectively manage its operating costs and generate profits before taxes, albeit with some variability in performance.