Embecta Corp (EMBC)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 63,900 | 105,700 | 7,400 | 60,900 | 130,300 | 190,800 |
| Revenue (ttm) | US$ in thousands | 1,116,800 | 1,115,200 | 1,110,600 | 1,115,600 | 1,108,100 | 1,123,300 |
| Pretax margin | 5.72% | 9.48% | 0.67% | 5.46% | 11.76% | 16.99% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $63,900K ÷ $1,116,800K
= 5.72%
The pretax margin of Embecta Corp has fluctuated over the past six quarters.
In Jun 2022 and Sep 2022, the pretax margin was relatively high at 16.99% and 11.76% respectively, indicating that the company was effectively managing its expenses relative to its revenue before accounting for taxes.
However, in Mar 2023 and Jun 2023, the pretax margin dropped significantly to 5.46% and 0.67% respectively, suggesting a potential decrease in profitability on a pre-tax basis during those periods.
The pretax margin then rebounded in Sep 2023 to 9.48%, indicating an improvement in managing expenses relative to revenue.
Overall, the trend in Embecta Corp's pretax margin shows some variability, and it would be important to further investigate the factors contributing to these fluctuations to better understand the company's financial performance.
Peer comparison
Dec 31, 2023