Catalent Inc (CTLT)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,027,000 | -342,000 | 579,000 | 715,000 | 260,000 |
| Revenue | US$ in thousands | 4,381,000 | 4,263,000 | 4,802,000 | 3,998,000 | 3,094,000 |
| Pretax margin | -23.44% | -8.02% | 12.06% | 17.88% | 8.40% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-1,027,000K ÷ $4,381,000K
= -23.44%
The pretax margin of Catalent Inc has shown fluctuations over the past five years. It decreased significantly to -23.44% in Jun 30, 2024, from -8.02% in Jun 30, 2023. This decline indicates a worsening performance in generating profits before accounting for taxes in the most recent period.
Comparing the current pretax margin to the levels of the two preceding years, the company seems to be experiencing operational challenges impacting its profitability. However, when viewed in a broader context, the pretax margin of 12.06% in Jun 30, 2022, and 17.88% in Jun 30, 2021, show that Catalent Inc has historically demonstrated the ability to generate healthy levels of profit relative to its revenue. The pretax margin of 8.40% in Jun 30, 2020, also indicates a similar performance level in the year prior.
Overall, the recent decline in the pretax margin of Catalent Inc calls for further analysis into the factors contributing to this negative trend in profitability, in order to devise strategies to improve the company's financial performance in the future.
Peer comparison
Jun 30, 2024