Home Depot Inc (HD)
Pretax margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 19,406,000 | 19,204,000 | 18,066,000 | 16,989,000 | 17,306,000 | 19,782,000 | 22,258,000 | 22,400,000 | 21,776,000 | 19,959,000 | 19,540,000 | 20,172,000 | 22,659,000 | 23,875,000 | 23,693,000 | 22,453,000 | 20,124,000 | 20,033,000 | 20,791,000 | 22,607,000 |
| Revenue (ttm) | US$ in thousands | 159,514,000 | 154,596,000 | 149,165,000 | 143,700,000 | 144,992,000 | 153,122,000 | 161,252,000 | 160,799,000 | 158,920,000 | 151,835,000 | 147,791,000 | 149,406,000 | 157,367,000 | 160,444,000 | 160,480,000 | 157,327,000 | 149,254,000 | 147,166,000 | 149,376,000 | 154,775,000 |
| Pretax margin | 12.17% | 12.42% | 12.11% | 11.82% | 11.94% | 12.92% | 13.80% | 13.93% | 13.70% | 13.15% | 13.22% | 13.50% | 14.40% | 14.88% | 14.76% | 14.27% | 13.48% | 13.61% | 13.92% | 14.61% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $19,406,000K ÷ $159,514,000K
= 12.17%
The pretax margin of Home Depot Inc, a key profitability ratio used to measure the company's efficiency in generating profit before taxes relative to its revenue, has exhibited some fluctuations over the period analyzed. Starting at 14.61% in January 2022, the pretax margin slightly decreased to 13.92% in the following month, before further declining to 13.48% in May 2022. Subsequently, there was a modest improvement as the pretax margin rose to 14.27% by July 2022. The trend continued positively as it peaked at 14.88% in October 2022, demonstrating strong profitability levels.
However, from January 2023 to January 2024, there was a general downward trend in the pretax margin, with figures ranging from 14.40% to 11.94%. The lowest point within the period analyzed was recorded in April 2024 at 11.82%. While there was a slight increase in the pretax margin in July and October 2024, the ratio remained below the levels seen in the earlier part of the analysis.
As of January 2025, the pretax margin stood at 12.17%, showing a slight improvement from the preceding two quarters. The varying pretax margins reflect Home Depot Inc's changing ability to maintain profitability before accounting for tax expenses over the given period.
Peer comparison
Jan 31, 2025