Flex Ltd (FLEX)

Pretax margin

		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	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	895,000	778,000	800,000	619,000	603,000	722,000	734,000	941,000	929,000	1,034,000	1,041,000	1,107,000	1,097,000	879,000	712,820	498,500	410,888	161,948	159,237	77,039
Revenue (ttm)	US$ in thousands	26,095,000	26,986,000	27,967,000	29,217,000	29,857,000	30,143,000	30,146,000	29,578,000	28,452,000	26,922,000	25,927,000	25,342,000	25,444,000	25,204,000	24,050,230	23,268,720	23,049,280	23,150,040	24,173,530	24,915,160
Pretax margin		3.43%	2.88%	2.86%	2.12%	2.02%	2.40%	2.43%	3.18%	3.27%	3.84%	4.02%	4.37%	4.31%	3.49%	2.96%	2.14%	1.78%	0.70%	0.66%	0.31%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $895,000K ÷ $26,095,000K
= 3.43%

The pretax margin of Flex Ltd has shown variability over the past 20 quarters. The pretax margin has ranged from a low of 0.31% in Q1 2020 to a high of 4.37% in Q1 2022, indicating fluctuations in the company's ability to generate profits before taxes relative to its total revenue. The trend has been somewhat volatile, with certain quarters showing marked improvements followed by declines. Overall, the pretax margin trend suggests that Flex Ltd has had mixed performance in managing its operating expenses and generating profits before tax over the analyzed period.