Eagle Materials Inc (EXP)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 617,937 | 588,593 | 475,094 | 429,390 | 95,398 |
| Revenue | US$ in thousands | 2,217,040 | 2,112,900 | 1,824,550 | 1,691,400 | 1,412,390 |
| Pretax margin | 27.87% | 27.86% | 26.04% | 25.39% | 6.75% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $617,937K ÷ $2,217,040K
= 27.87%
The pretax margin of Eagle Materials Inc has shown a consistently strong performance over the past five years, ranging from 6.75% in 2020 to 27.87% in 2024. This indicates that the company has effectively managed its operating expenses and generated a higher proportion of pre-tax profits relative to its total revenue. The gradual increase in the pretax margin from 2020 to 2024 demonstrates an improvement in the company's operational efficiency and profitability. Overall, the upward trend in pretax margin reflects Eagle Materials Inc's ability to maintain a healthy financial position and maximize earnings before accounting for taxes.