Hewlett Packard Enterprise Co (HPE)
Pretax margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,090,000 | 2,230,000 | 1,324,000 | 1,252,000 | 1,006,000 | 876,000 | 3,921,000 | 3,863,000 | 3,875,000 | 3,587,000 | 1,024,000 | 584,000 | -615,000 | -442,000 | 156,000 | -75,000 | 1,276,000 | 1,553,000 | 1,294,000 | 1,371,000 |
| Revenue (ttm) | US$ in thousands | 28,081,000 | 29,135,000 | 29,655,000 | 29,604,000 | 29,344,000 | 28,496,000 | 27,979,000 | 27,925,000 | 27,912,000 | 27,784,000 | 27,638,000 | 27,557,000 | 26,866,000 | 26,982,000 | 26,989,000 | 27,390,000 | 28,531,000 | 29,135,000 | 29,684,000 | 29,935,000 |
| Pretax margin | 7.44% | 7.65% | 4.46% | 4.23% | 3.43% | 3.07% | 14.01% | 13.83% | 13.88% | 12.91% | 3.71% | 2.12% | -2.29% | -1.64% | 0.58% | -0.27% | 4.47% | 5.33% | 4.36% | 4.58% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,090,000K ÷ $28,081,000K
= 7.44%
The pretax margin of Hewlett Packard Enterprise Co has shown fluctuations over the past eight quarters. In Q1 2024, the pretax margin was 7.44%, a slight decrease from the previous quarter's 7.65%. This decrease follows a trend of declining pretax margins since the high of 14.01% in Q3 2022 and Q4 2022.
The company experienced a significant drop in pretax margin in Q3 and Q4 2022 before seeing a gradual recovery in Q1 and Q2 2023. However, the pretax margin declined again in Q3 and Q4 2023, reaching a low of 3.07% in Q4 2022 before the recent slight recovery.
Overall, the average pretax margin over the eight quarters is 7.12%. The fluctuations in pretax margin indicate changes in the company's operating efficiency and profitability. Further analysis of the company's financial performance and operational strategies may be needed to understand the factors influencing these fluctuations.
Peer comparison
Jan 31, 2024