Hillenbrand Inc (HI)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 672,500 | 292,900 | 328,500 | -25,200 | 171,900 |
| Revenue | US$ in thousands | 2,826,000 | 2,315,300 | 2,241,400 | 2,517,000 | 1,807,300 |
| Pretax margin | 23.80% | 12.65% | 14.66% | -1.00% | 9.51% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $672,500K ÷ $2,826,000K
= 23.80%
The pretax margin of Hillenbrand Inc has exhibited volatility over the past five years. In 2023, the pretax margin decreased to 7.68% from 10.68% in 2022, which represents a significant decline. This downward trend contrasts with the generally positive performance seen from 2019 to 2021, where the pretax margin ranged from -0.74% to 12.35%. The sharp decrease in 2023 suggests potential challenges in managing operating expenses and generating pre-tax earnings relative to revenue. Further analysis into the company's cost structure and revenue performance could provide insights into the factors influencing this decline.
Peer comparison
Sep 30, 2023