HP Inc (HPQ)
Pretax margin
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,279,000 | 3,269,000 | 3,378,000 | 3,168,000 | 2,937,000 | 2,732,000 | 2,982,000 | 3,611,000 | 4,324,000 | 7,287,000 | 7,427,000 | 7,547,000 | 7,568,000 | 4,743,000 | 4,168,000 | 3,658,000 | 3,240,000 | 2,947,000 | 2,444,000 | 2,501,000 |
| Revenue (ttm) | US$ in thousands | 53,559,000 | 53,321,000 | 52,998,000 | 53,105,000 | 53,718,000 | 54,675,000 | 56,127,000 | 59,695,000 | 62,910,000 | 64,784,000 | 65,425,000 | 64,827,000 | 63,460,000 | 62,070,000 | 61,075,000 | 57,667,000 | 56,639,000 | 56,788,000 | 57,097,000 | 58,664,000 |
| Pretax margin | 6.12% | 6.13% | 6.37% | 5.97% | 5.47% | 5.00% | 5.31% | 6.05% | 6.87% | 11.25% | 11.35% | 11.64% | 11.93% | 7.64% | 6.82% | 6.34% | 5.72% | 5.19% | 4.28% | 4.26% |
October 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,279,000K ÷ $53,559,000K
= 6.12%
HP Inc's pretax margin has shown some fluctuations over the past years. From January 2020 to October 2021, the pretax margin remained relatively stable, ranging from 4.26% to 11.93%. However, starting from July 2022, the pretax margin began to decrease, reaching a low of 4.28% in January 2023.
Subsequently, there was a gradual improvement in the pretax margin, with an upward trend observed from January 2023 to July 2023. However, this improvement was not sustained as the pretax margin declined again in October 2023.
From October 2023 to April 2024, there was a consistent increase in the pretax margin, reaching 6.37% in April 2024. This positive trend continued into July 2024, where the pretax margin further improved to 6.13%.
Overall, HP Inc's pretax margin has shown variability in recent periods, with fluctuations in profitability levels. It is essential for the company to monitor and manage its cost structure and revenue generation strategies to sustain and potentially improve its pretax margin in the future.
Peer comparison
Oct 31, 2024