Donaldson Company Inc (DCI)
Pretax margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 492,200 | 481,900 | 538,900 | 542,900 | 535,300 | 513,200 | 490,700 | 475,000 | 468,700 | 480,000 | 469,800 | 451,000 | 438,500 | 423,900 | 423,500 | 402,900 | 381,000 | 348,300 | 321,800 | 330,700 |
| Revenue (ttm) | US$ in thousands | 3,690,900 | 3,645,600 | 3,633,400 | 3,640,100 | 3,586,300 | 3,530,400 | 3,478,200 | 3,429,800 | 3,430,800 | 3,441,300 | 3,418,800 | 3,393,000 | 3,306,600 | 3,189,700 | 3,101,500 | 2,978,100 | 2,853,800 | 2,698,100 | 2,562,800 | 2,545,700 |
| Pretax margin | 13.34% | 13.22% | 14.83% | 14.91% | 14.93% | 14.54% | 14.11% | 13.85% | 13.66% | 13.95% | 13.74% | 13.29% | 13.26% | 13.29% | 13.65% | 13.53% | 13.35% | 12.91% | 12.56% | 12.99% |
July 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $492,200K ÷ $3,690,900K
= 13.34%
The pretax margin of Donaldson Company Inc. demonstrates a generally stable and gradually improving trend over the analyzed period. Beginning at approximately 12.99% as of October 31, 2020, the pretax margin experienced slight fluctuations but maintained a consistent upward trajectory, reaching 14.91% by October 31, 2024. This represents a notable increase of approximately 1.92 percentage points over nearly four years.
Throughout the period, the pretax margin exhibits minor cyclical variations, with occasional slight declines and renewals of upward momentum. For instance, after reaching a peak of 13.95% on April 30, 2023, it declined marginally to 13.66% as of July 31, 2023, then resumed its upward trend, culminating at 14.91% on October 31, 2024.
This sustained improvement indicates enhancements in the company’s ability to convert revenue into earnings before tax, potentially reflecting better cost management, operational efficiencies, or favorable pricing strategies. The consistent growth trend also suggests a resilient profitability structure amidst varying market conditions over the period analyzed. The forecasted figures, such as the projected 14.83% in January 2025, indicate expectations for continued stability or slight improvement in pretax profitability in the near term.