Embecta Corp (EMBC)
Pretax margin
Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | ||
---|---|---|---|---|
Earnings before tax but after interest (EBT) | US$ in thousands | 44,200 | 105,700 | 256,600 |
Revenue | US$ in thousands | 1,118,700 | 1,112,000 | 1,126,300 |
Pretax margin | 3.95% | 9.51% | 22.78% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $44,200K ÷ $1,118,700K
= 3.95%
The pre-tax margin of Embecta Corp has shown a declining trend over the past three years. In September 2022, the company had a robust pre-tax margin of 22.78%, indicating efficient cost management and profitability before accounting for taxes. However, this margin significantly decreased to 9.51% in September 2023, suggesting potential challenges or increased costs impacting the company's profitability. By September 2024, the pre-tax margin further declined to 3.95%, reflecting a continued decrease in profitability. This downward trend in pre-tax margin could be a cause for concern as it indicates a potential decrease in the company's earnings relative to its revenue over the years. Further analysis of the company's cost structure and revenue generation may be warranted to address the declining pre-tax margin trend.
Peer comparison
Sep 30, 2024