Kellanova (K)
Pretax margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,654,000 | 1,014,000 | 889,000 | 818,000 | 758,000 | 800,000 | 906,000 | 955,000 | 1,197,000 | 1,899,000 | 1,908,000 | 2,019,000 | 1,966,000 | 1,676,000 | 1,702,000 | 1,637,000 | 1,601,000 | 1,569,000 | 1,492,000 | 1,392,000 |
| Revenue (ttm) | US$ in thousands | 12,749,000 | 10,714,000 | 10,736,000 | 10,895,000 | 11,037,000 | 13,781,000 | 14,472,000 | 14,985,000 | 15,315,000 | 14,902,000 | 14,578,000 | 14,269,000 | 14,181,000 | 14,225,000 | 14,032,000 | 13,942,000 | 13,770,000 | 13,529,000 | 13,472,000 | 13,468,000 |
| Pretax margin | 12.97% | 9.46% | 8.28% | 7.51% | 6.87% | 5.81% | 6.26% | 6.37% | 7.82% | 12.74% | 13.09% | 14.15% | 13.86% | 11.78% | 12.13% | 11.74% | 11.63% | 11.60% | 11.07% | 10.34% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,654,000K ÷ $12,749,000K
= 12.97%
Kellanova's pretax margin has shown fluctuation over the past few years. The trend indicates that the pretax margin generally increased from March 31, 2020, to December 31, 2021, reaching a peak of 13.86% in December 2021. However, a significant drop was observed in the following quarters, with a low of 5.81% on September 30, 2023.
After the downturn, there was a slight recovery in the pretax margin by March 31, 2024, and a more substantial improvement by December 31, 2024, when it climbed to 12.97%. It is important to note that the pretax margin is a key metric that reflects the company's efficiency in generating profits before accounting for taxes. The increase in the pretax margin indicates that Kellanova was able to improve its profitability relative to its revenue during certain periods, but the subsequent decreases might suggest challenges or changes in the business environment.
Further analysis would be necessary to understand the factors behind these fluctuations and to assess the company's overall financial performance and sustainability.
Peer comparison
Dec 31, 2024