Intuit Inc (INTU)
Pretax margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,550,000 | 2,989,000 | 2,542,000 | 2,556,000 | 2,198,000 |
| Revenue | US$ in thousands | 16,285,000 | 14,368,000 | 12,726,000 | 9,633,000 | 7,679,000 |
| Pretax margin | 21.80% | 20.80% | 19.97% | 26.53% | 28.62% |
July 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,550,000K ÷ $16,285,000K
= 21.80%
Intuit Inc's pretax margin has shown fluctuations over the past five years. The pretax margin for Jul 31, 2024, stood at 21.80%, reflecting a slight improvement compared to the previous year's margin of 20.80%. However, it is lower than the margins reported in Jul 31, 2021, and Jul 31, 2020, which were 26.53% and 28.62%, respectively. This downward trend may raise concerns about the company's ability to generate profits before accounting for taxes and other expenses. Further analysis of the company's cost structure and revenue streams may be necessary to understand the factors influencing these fluctuations in the pretax margin.
Peer comparison
Jul 31, 2024