HP Inc (HPQ)
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 | 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 | 2,523,000 | 3,038,000 | 3,808,000 |
| Revenue (ttm) | US$ in thousands | 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 | 58,756,000 | 58,715,000 | 58,698,000 |
| Pretax margin | 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% | 4.29% | 5.17% | 6.49% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,168,000K ÷ $53,105,000K
= 5.97%
The pretax margin for HP Inc has exhibited fluctuations over the past eight quarters, ranging from a high of 11.37% in Q2 2022 to a low of 5.11% in Q3 2023. The downward trend from Q2 2022 to Q3 2023 suggests a decrease in the company's ability to generate profits before accounting for taxes. Factors such as changes in operating expenses, revenue, or cost management strategies may have influenced these fluctuations. It is advisable for stakeholders to closely monitor these variations and assess their impact on HP Inc's overall financial performance and profitability.
Peer comparison
Jan 31, 2024
Company name
Symbol
Pretax margin
HP Inc
HPQ
5.97%
Hewlett Packard Enterprise Co
HPE
7.44%
International Business Machines
IBM
14.03%