Catalent Inc (CTLT)

Pretax margin

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-347,000	-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
Revenue (ttm)	US$ in thousands	4,422,000	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
Pretax margin		-7.85%	-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%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-347,000K ÷ $4,422,000K
= -7.85%

The pretax margin of Catalent Inc has exhibited fluctuations over the past few quarters. The company's performance has shown volatility, with negative pretax margins in recent quarters, reaching as low as -35.09% in December 2023. However, there have been periods of improvement, with pretax margins reaching double digits, such as in December 2022 and March 2023.

Overall, the trend in pretax margin for Catalent Inc indicates that the company has faced challenges in maintaining profitability, but has also shown periods of relative strength in generating pre-tax earnings in comparison to its revenue. Monitoring this metric closely will be important to assess the company's financial health and operational efficiency.