Kyndryl Holdings Inc (KD)
Pretax margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -169,000 | -452,000 | -643,000 | -754,000 | -850,000 | -1,283,000 | -1,613,000 |
| Revenue (ttm) | US$ in thousands | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,326,000 | 17,602,000 |
| Pretax margin | -1.05% | -2.75% | -3.82% | -4.45% | -4.99% | -7.41% | -9.16% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-169,000K ÷ $16,052,000K
= -1.05%
Kyndryl Holdings Inc's pretax margin has shown an improving trend over the past seven quarters. The pretax margin was in negative territory, indicating that expenses exceeded revenues in each of the quarters. However, from Sep 30, 2022 (-9.16%) to Mar 31, 2024 (-1.05%), there has been a consistent decrease in the negative margins, reflecting a positive trend in the company's ability to control costs and improve its profitability before taxes. This improvement suggests that Kyndryl Holdings Inc has been making efforts to enhance operational efficiency and manage expenses more effectively, which is a positive signal for its financial performance.
Peer comparison
Mar 31, 2024