Deluxe Corporation (DLX)
Pretax margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 76,459 | 80,159 | 57,450 | 49,552 | 39,739 | 38,639 | 68,728 | 78,328 | 84,347 | 90,147 | 86,450 | 72,850 | 93,807 | 102,107 | 126,415 | 127,367 | 30,552 | 58,752 | -329,958 | -305,110 |
| Revenue (ttm) | US$ in thousands | 2,121,715 | 2,138,615 | 2,147,971 | 2,181,855 | 2,192,265 | 2,218,865 | 2,236,103 | 2,227,403 | 2,238,053 | 2,244,653 | 2,221,756 | 2,136,956 | 2,022,205 | 1,906,105 | 1,813,464 | 1,745,669 | 1,790,805 | 1,858,405 | 1,912,498 | 1,996,093 |
| Pretax margin | 3.60% | 3.75% | 2.67% | 2.27% | 1.81% | 1.74% | 3.07% | 3.52% | 3.77% | 4.02% | 3.89% | 3.41% | 4.64% | 5.36% | 6.97% | 7.30% | 1.71% | 3.16% | -17.25% | -15.29% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $76,459K ÷ $2,121,715K
= 3.60%
The pretax margin for Deluxe Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. It started in negative territory in March 2020 at -15.29% and further decreased to -17.25% in June 2020. However, the company made significant improvements in its performance, with the pretax margin turning positive in September 2020 at 3.16%.
From September 2020 to December 2024, the pretax margin remained positive, albeit with fluctuations, ranging from a low of 1.71% in December 2020 to a high of 7.30% in March 2021. The margin showed a decreasing trend from March 2021 to September 2023, reaching a low of 1.74% in September 2023.
Nevertheless, the pretax margin began to recover from the decrease, showing an upward trend from March 2024 to December 2024, ending at 3.60%. Overall, Deluxe Corporation's pretax margin has shown variability, with periods of both improvement and decline in profitability before stabilizing towards the end of the analyzed period.