H B Fuller Company (FUL)
Pretax margin
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 238,435 | 257,499 | 224,426 | 165,640 | 180,225 |
| Revenue | US$ in thousands | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 | 2,897,000 |
| Pretax margin | 6.79% | 6.87% | 6.85% | 5.94% | 6.22% |
December 2, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $238,435K ÷ $3,510,930K
= 6.79%
The pretax margin of H.B. Fuller Company has remained relatively stable over the past five years, ranging from 5.94% to 6.87%. This indicates that the company has been able to effectively control its operating expenses in relation to its sales, resulting in a consistent level of profitability before taxes. The slight fluctuations in the pretax margin suggest that the company has been able to manage its cost structure amidst changing economic conditions. Overall, H.B. Fuller Company has maintained a healthy pretax margin, reflecting its ability to generate profits from its operations before considering tax implications.