Insteel Industries Inc (IIIN)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 25,287 | 41,755 | 161,727 | 86,103 | 24,170 |
| Revenue | US$ in thousands | 529,198 | 649,188 | 826,832 | 590,601 | 472,618 |
| Pretax margin | 4.78% | 6.43% | 19.56% | 14.58% | 5.11% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $25,287K ÷ $529,198K
= 4.78%
The trend in Insteel Industries Inc's pretax margin over the past five years shows some volatility. The pretax margin was at its lowest in 2020 at 5.11% before increasing to 14.58% in 2021. Subsequently, the margin experienced a significant decline to 19.56% in 2022, followed by a further decrease to 6.43% in 2023, and eventually landing at 4.78% in 2024.
This fluctuation in pretax margin may indicate varying levels of operational efficiency, cost management, and revenue generation strategies employed by the company during the respective years. A declining pretax margin could suggest challenges in maintaining profitability relative to revenue, while an increasing margin may signify improved cost controls and operational performance.
Further analysis of the company's financial and operational data, as well as external factors impacting its industry and market dynamics, would be necessary to understand the underlying reasons for the fluctuations in the pretax margin and to assess the sustainability of the company's financial performance.
Peer comparison
Sep 30, 2024