HP Inc (HPQ)
Pretax margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,279,000 | 2,937,000 | 4,324,000 | 7,568,000 | 3,240,000 |
| Revenue | US$ in thousands | 53,559,000 | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 |
| Pretax margin | 6.12% | 5.47% | 6.87% | 11.93% | 5.72% |
October 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,279,000K ÷ $53,559,000K
= 6.12%
The pretax margin of HP Inc has fluctuated over the past five years. In fiscal year 2021, the pretax margin was the highest at 11.93%, indicating strong profitability before accounting for taxes. However, in fiscal years 2020 and 2023, the pretax margin was lower at 5.72% and 5.47% respectively, suggesting a decrease in profitability during those periods.
In fiscal year 2024, the pretax margin increased to 6.12% compared to the previous year, which may indicate improved cost management or revenue generation strategies. The pretax margin for fiscal year 2022 was 6.87%, which was relatively better than the surrounding years but lower than the peak in fiscal year 2021.
Overall, HP Inc's pretax margin has shown variability, with fluctuations in profitability levels over the analyzed period. Further investigation into the company's cost structure, revenue streams, and overall financial performance would provide more insights into the factors driving these fluctuations.
Peer comparison
Oct 31, 2024