Korn Ferry (KFY)
Pretax margin
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 219,194 | 200,305 | 151,926 | 253,764 | 292,212 | 342,379 | 433,697 | 433,142 | 428,371 | 400,521 | 362,016 | 300,799 | 162,564 | 77,800 | 34,045 | 51,954 | 148,891 | 210,401 | 242,017 | 244,320 |
| Revenue (ttm) | US$ in thousands | 2,799,652 | 2,837,862 | 2,847,763 | 2,870,730 | 2,867,066 | 2,855,195 | 2,852,598 | 2,759,792 | 2,644,490 | 2,474,696 | 2,267,513 | 2,061,862 | 1,820,489 | 1,711,990 | 1,762,111 | 1,828,348 | 1,977,628 | 2,031,096 | 1,989,110 | 1,991,712 |
| Pretax margin | 7.83% | 7.06% | 5.33% | 8.84% | 10.19% | 11.99% | 15.20% | 15.69% | 16.20% | 16.18% | 15.97% | 14.59% | 8.93% | 4.54% | 1.93% | 2.84% | 7.53% | 10.36% | 12.17% | 12.27% |
April 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $219,194K ÷ $2,799,652K
= 7.83%
The pretax margin of Korn Ferry has fluctuated over the past several periods, ranging from a low of 1.93% to a high of 16.20%. In general, the company has maintained a pretax margin above 5% in most periods, indicating a reasonable level of profitability before accounting for taxes.
There was a noticeable decrease in pretax margin from the 3-month period ended January 31, 2023, to the 3-month period ended April 30, 2023, where it dropped from 10.19% to 8.84%. However, the pretax margin rebounded and reached its peak at 16.20% in the 3-month period ended October 31, 2022.
It is important to note that the pretax margin saw a substantial decline in the periods ended January 31, 2021, and April 30, 2021, dropping to 4.54% and 8.93% respectively, which may indicate certain challenges or expenses affecting profitability during those periods.
Overall, the pretax margin trend for Korn Ferry shows some variability but generally reflects a company that has been able to maintain a moderate to high level of profitability before tax expenses in recent periods.
Peer comparison
Apr 30, 2024