Helen of Troy Ltd (HELE)
Pretax margin
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 91,664 | 209,042 | 171,289 | 259,966 | 269,430 |
| Revenue | US$ in thousands | 1,907,660 | 2,005,050 | 2,072,670 | 2,223,360 | 2,098,800 |
| Pretax margin | 4.81% | 10.43% | 8.26% | 11.69% | 12.84% |
February 28, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $91,664K ÷ $1,907,660K
= 4.81%
The pretax margin of Helen of Troy Ltd has shown a declining trend over the past five years. Starting at 12.84% on February 28, 2021, it decreased to 11.69% by February 28, 2022, and further dropped to 8.26% by February 28, 2023. However, there was a slight improvement to 10.43% as of February 29, 2024, before decreasing significantly to 4.81% by February 28, 2025. This downward trajectory indicates potential challenges in maintaining profitability before accounting for taxes. Further investigation into the company's cost structure and revenue generation may be warranted to understand the factors driving this decrease in pretax margin.