Floor & Decor Holdings Inc (FND)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 311,531 | 355,705 | 370,804 | 383,466 | 385,622 | 356,143 | 339,791 | 332,317 | 334,068 | 339,857 | 334,362 | 256,899 | 207,205 | 181,891 | 134,535 | 158,406 | 150,380 | 130,431 | 133,075 | 124,503 |
| Revenue (ttm) | US$ in thousands | 4,406,920 | 4,406,870 | 4,395,090 | 4,350,260 | 4,260,640 | 4,126,905 | 3,907,461 | 3,678,719 | 3,433,006 | 3,242,323 | 3,049,717 | 2,651,270 | 2,422,460 | 2,225,810 | 2,062,093 | 2,119,126 | 2,039,528 | 1,949,265 | 1,863,273 | 1,776,713 |
| Pretax margin | 7.07% | 8.07% | 8.44% | 8.81% | 9.05% | 8.63% | 8.70% | 9.03% | 9.73% | 10.48% | 10.96% | 9.69% | 8.55% | 8.17% | 6.52% | 7.48% | 7.37% | 6.69% | 7.14% | 7.01% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $311,531K ÷ $4,406,920K
= 7.07%
The pretax margin of Floor & Decor Holdings Inc has shown some fluctuation over the past few quarters. The trend indicates a general decline from a high of 10.96% in Jun 30, 2021, to a low of 6.52% in Jun 30, 2020. However, there has been some recovery since then, with pretax margins increasing to 8.44% in Jun 30, 2023.
The pretax margin represents the percentage of each dollar of revenue that translates into pre-tax profit, indicating the company's efficiency in managing its operating expenses relative to its revenue. The decline in pretax margin may suggest challenges in controlling costs or maximizing operational efficiency.
Further analysis would be needed to understand the drivers behind these fluctuations in pretax margin, such as changes in revenue, cost structure, or other operating factors. Monitoring this metric over time can help assess the company's profitability trends and its ability to generate earnings before taxes.
Peer comparison
Dec 31, 2023