Griffon Corporation (GFF)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 296,650 | 112,682 | -174,722 | 118,864 | 79,466 |
| Revenue | US$ in thousands | 2,621,550 | 2,596,560 | 2,760,350 | 2,207,580 | 2,333,180 |
| Pretax margin | 11.32% | 4.34% | -6.33% | 5.38% | 3.41% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $296,650K ÷ $2,621,550K
= 11.32%
Griffon Corporation's pretax margin has shown a positive trend over the past five years. Starting at 3.41% in September 2020, the pretax margin increased steadily to reach 11.32% in September 2024. This indicates that the company's ability to generate profits before accounting for taxes has improved significantly over this period. The company has effectively managed its expenses and operating costs, leading to higher pretax earnings relative to its revenues. This positive trend suggests improved operational efficiency and profitability for Griffon Corporation.