Insteel Industries Inc (IIIN)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 25,287 | 26,481 | 31,305 | 28,892 | 41,755 | 66,054 | 102,419 | 146,112 | 161,727 | 162,694 | 136,499 | 105,528 | 86,103 | 62,961 | 47,778 | 34,060 | 24,170 | 12,756 | 6,915 | 2,777 |
| Revenue (ttm) | US$ in thousands | 529,219 | 549,135 | 569,054 | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 |
| Pretax margin | 4.78% | 4.82% | 5.50% | 4.81% | 6.43% | 9.40% | 13.41% | 17.86% | 19.57% | 20.59% | 18.86% | 16.25% | 14.58% | 11.31% | 9.23% | 6.90% | 5.13% | 2.86% | 1.54% | 0.62% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $25,287K ÷ $529,219K
= 4.78%
The pretax margin for Insteel Industries Inc has shown some fluctuations over the past several quarters. The pretax margin measures the company's profitability before taxes relative to its total revenue.
In the most recent quarter, ending September 30, 2024, the pretax margin stood at 4.78%, which represents a slight decrease from the previous quarter's 4.82%. While the trend has been relatively stable in recent quarters, the pretax margin has shown a general decline from the peak of 20.59% in the quarter ending September 30, 2022.
The pretax margin trend indicates that the company's profitability has fluctuated over the analyzed period. A higher pretax margin indicates better profitability relative to revenue, and a consistent decline in this ratio may warrant further investigation into the company's cost structures, pricing strategies, or other factors impacting its profitability. It is essential for investors and analysts to closely monitor the pretax margin along with other financial metrics to assess Insteel Industries Inc's overall financial health and performance.
Peer comparison
Sep 30, 2024