HNI Corp (HNI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 156,000 | 153,900 | 83,100 | 64,900 | 62,800 | 94,900 | 131,700 | 146,400 | 136,000 | 80,900 | 75,900 | 78,246 | 97,838 | 110,684 | 100,785 | 54,401 | 86,537 | 107,744 | 115,610 | 142,716 |
| Revenue (ttm) | US$ in thousands | 2,582,500 | 2,651,600 | 2,542,900 | 2,434,000 | 2,323,100 | 2,210,300 | 2,268,500 | 2,361,700 | 2,395,700 | 2,383,600 | 2,272,400 | 2,184,393 | 2,136,642 | 2,057,005 | 1,963,961 | 1,948,372 | 2,000,722 | 2,119,093 | 2,225,230 | 2,233,871 |
| Pretax margin | 6.04% | 5.80% | 3.27% | 2.67% | 2.70% | 4.29% | 5.81% | 6.20% | 5.68% | 3.39% | 3.34% | 3.58% | 4.58% | 5.38% | 5.13% | 2.79% | 4.33% | 5.08% | 5.20% | 6.39% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $156,000K ÷ $2,582,500K
= 6.04%
The pretax margin of HNI Corp has shown fluctuations over the period from December 2019 to December 2024. Starting at 6.39% in December 2019, the pretax margin declined to 2.79% by December 2020, indicating a decrease in the company's profitability before taxes.
There was a recovery in the pretax margin during the first half of 2021, reaching 5.38% in June 2021. However, it saw a decline again in December 2021 to 3.58%.
The pretax margin showed a slight improvement in the first two quarters of 2022, averaging around 3.37%. It then surged to 6.20% by December 2022, marking a significant increase in profitability.
Subsequently, the pretax margin experienced fluctuation between 2.67% and 5.81% from December 2023 to March 2024. It reached 6.04% by December 2024, showing a positive trend in profitability.
Overall, the pretax margin of HNI Corp has been variable, with periods of decline followed by periods of improvement. This indicates the company's potential to adapt to changing market conditions and its ability to effectively manage costs and generate profits before taxes.