H B Fuller Company (FUL)
Pretax margin
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 186,638 | 273,376 | 259,609 | 245,619 | 238,436 | 214,641 | 229,539 | 240,666 | 257,498 | 261,584 | 237,539 | 232,482 | 224,426 | 217,202 | 213,210 | 190,532 | 165,640 | 148,029 | 170,349 | 180,347 |
| Revenue (ttm) | US$ in thousands | 3,568,737 | 3,548,332 | 3,531,039 | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 |
| Pretax margin | 5.23% | 7.70% | 7.35% | 6.99% | 6.79% | 6.02% | 6.36% | 6.50% | 6.87% | 7.09% | 6.65% | 6.82% | 6.85% | 6.88% | 7.05% | 6.64% | 5.94% | 5.38% | 6.12% | 6.28% |
November 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $186,638K ÷ $3,568,737K
= 5.23%
H B Fuller Company's pretax margin has shown some fluctuations over the periods analyzed. It was relatively stable around the 6-7% range from February 2020 to August 2022, with a peak of 7.09% in May 2020 and a trough of 5.38% in August 2020. The pretax margin then increased to 7.35% in June 2024 and further to 7.70% in August 2024 before dropping significantly to 5.23% in November 2024.
Overall, the company has demonstrated a generally healthy pretax margin, indicating its ability to generate profits before accounting for taxes relative to its revenue. However, the significant decline in November 2024 may warrant further investigation to understand the factors influencing this decrease.
Peer comparison
Nov 30, 2024