Five Below Inc (FIVE)

Pretax margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	338,665	360,454	630,801	605,795	584,212	374,599	164,986	191,488	217,990	382,973	547,956	523,314	498,672	326,859	155,046	175,721	341,375	472,340	448,059	437,792
Revenue (ttm)	US$ in thousands	3,876,522	3,823,382	4,317,412	4,223,748	4,148,290	3,569,531	2,990,772	2,980,614	2,970,456	3,334,225	3,697,994	3,616,781	3,535,568	3,081,745	2,627,922	2,622,484	2,973,782	3,301,187	3,239,905	3,207,954
Pretax margin		8.74%	9.43%	14.61%	14.34%	14.08%	10.49%	5.52%	6.42%	7.34%	11.49%	14.82%	14.47%	14.10%	10.61%	5.90%	6.70%	11.48%	14.31%	13.83%	13.65%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $338,665K ÷ $3,876,522K
= 8.74%

Five Below Inc's pretax margin has shown fluctuations over the past few years, with a range of values from 5.52% to 14.82%. The pretax margin was relatively stable at around 14% in the middle of 2023 to early 2024, indicating efficient cost management and profitability. However, there was a significant drop in the pretax margin towards the end of 2023, falling below 7%, which may suggest challenges or increased expenses impacting the company's profitability. The pretax margin recovered slightly in early 2024 but remained below the previous highs. The latest reported pretax margin as of January 31, 2025, is 8.74%, indicating a moderate level of profitability before taxes for Five Below Inc. Monitoring the trends in pretax margin is important for assessing the company's operational efficiency and financial performance over time.