Catalent Inc (CTLT)
Pretax margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,027,000 | -1,242,000 | -1,438,000 | -1,142,000 | -342,000 | 20,000 | 478,000 | 479,000 | 579,000 | 615,000 | 756,000 | 750,000 | 714,000 | 671,300 | 384,000 | 333,500 | 259,700 | 161,300 | 174,200 | 167,000 |
| Revenue (ttm) | US$ in thousands | 4,381,000 | 4,135,000 | 4,098,000 | 4,223,000 | 4,263,000 | 4,495,000 | 4,731,000 | 4,799,000 | 4,802,000 | 4,703,000 | 4,483,000 | 4,177,000 | 3,998,000 | 5,904,000 | 5,611,600 | 5,422,000 | 5,240,700 | 2,872,400 | 2,729,300 | 2,630,900 |
| Pretax margin | -23.44% | -30.04% | -35.09% | -27.04% | -8.02% | 0.44% | 10.10% | 9.98% | 12.06% | 13.08% | 16.86% | 17.96% | 17.86% | 11.37% | 6.84% | 6.15% | 4.96% | 5.62% | 6.38% | 6.35% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,027,000K ÷ $4,381,000K
= -23.44%
The pretax margin of Catalent Inc has shown fluctuations over the past few quarters. The pretax margin was negative in the most recent quarter, indicating that the company's operating expenses and other costs exceeded its revenues before accounting for taxes. This negative trend in pretax margin can be a cause for concern as it may reflect inefficiencies in cost management or lower revenue generation.
Looking back at historical data, the pretax margin has been volatile, with positive margins seen in some quarters and negative margins in others. The highest pretax margin was recorded in the Dec 31, 2021 quarter at 16.86%, but it has since decreased in subsequent quarters.
It is crucial for Catalent Inc to closely monitor and manage its operating expenses, revenue streams, and overall cost structure to improve its pretax margin and ensure sustainable profitability in the long term. Additionally, the company may need to evaluate its pricing strategy, cost control measures, and operational efficiencies to enhance its financial performance.
Peer comparison
Jun 30, 2024