Home Depot Inc (HD)
Pretax margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 19,924,000 | 22,477,000 | 21,737,000 | 16,978,000 | 14,715,000 |
| Revenue | US$ in thousands | 152,669,000 | 157,403,000 | 151,157,000 | 132,110,000 | 110,225,000 |
| Pretax margin | 13.05% | 14.28% | 14.38% | 12.85% | 13.35% |
January 28, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $19,924,000K ÷ $152,669,000K
= 13.05%
The pretax margin of Home Depot Inc has shown fluctuation over the past five years. In the most recent fiscal year (ending Jan 28, 2024), the pretax margin was 13.05%, a decrease from the prior year where it was 14.28%. This decline indicates that the company's ability to generate profits before taxes relative to its revenue weakened year-over-year.
Looking further back, the pretax margin was relatively stable between Jan 30, 2022, and Jan 31, 2021, ranging from 12.85% to 14.38%. This suggests a better consistency in the company's profitability performance during that period.
Overall, the pretax margin trend for Home Depot Inc highlights variations in its profitability levels over the past five years, with the most recent year showing a slight decline compared to the previous year. Further analysis and comparison with industry peers may provide additional insights into the company's financial health and operational efficiency.
Peer comparison
Jan 28, 2024