Dick’s Sporting Goods Inc (DKS)
Pretax margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,318,151 | 1,243,218 | 1,278,731 | 1,380,178 | 1,383,748 | 1,523,623 | 1,627,291 | 1,856,517 | 1,994,438 | 1,825,375 | 1,654,618 | 1,389,254 | 711,736 | 520,306 | 348,423 | 150,744 | 456,762 | 532,698 | 532,742 | 544,032 |
| Revenue (ttm) | US$ in thousands | 13,017,810 | 12,654,970 | 12,559,680 | 12,437,340 | 12,284,760 | 12,041,110 | 11,842,240 | 12,016,360 | 12,247,140 | 12,023,010 | 11,688,490 | 11,126,140 | 9,545,980 | 9,032,850 | 8,595,710 | 8,156,230 | 8,751,730 | 8,634,180 | 8,529,250 | 8,447,530 |
| Pretax margin | 10.13% | 9.82% | 10.18% | 11.10% | 11.26% | 12.65% | 13.74% | 15.45% | 16.28% | 15.18% | 14.16% | 12.49% | 7.46% | 5.76% | 4.05% | 1.85% | 5.22% | 6.17% | 6.25% | 6.44% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,318,151K ÷ $13,017,810K
= 10.13%
The pretax margin of Dick’s Sporting Goods Inc has shown some fluctuations over the past few quarters. It has ranged from a low of 1.85% in May 2020 to a high of 16.28% in January 2022. The trend has generally been positive, with an upward trend from May 2020 to January 2022, suggesting improved profitability. However, there was a noticeable decrease in pretax margin from January 2022 to May 2021, before rebounding in the most recent quarters.
Overall, the company has maintained relatively healthy pretax margins, with the latest reported figure at 10.13% as of February 2024. This indicates that the company is generating a decent level of profit before accounting for taxes, which is essential for long-term sustainability and growth. The fluctuations in pretax margin could be due to various factors such as changes in operating expenses, sales performance, or one-time charges impacting the bottom line. It will be important for the company to continue monitoring and managing its cost structure to sustain healthy margins in the future.
Peer comparison
Feb 3, 2024