Stride Inc (LRN)

Pretax margin

		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	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	268,665	247,624	228,267	208,806	172,213	152,800	137,448	125,815	147,218	125,284	99,713	76,924	95,990	86,933	66,042	61,885	33,047	29,590	40,721	42,521
Revenue (ttm)	US$ in thousands	2,036,610	1,987,713	1,937,438	1,890,964	1,836,068	1,806,731	1,758,305	1,709,439	1,684,896	1,625,762	1,596,760	1,564,135	1,535,397	1,408,686	1,273,532	1,154,604	1,040,639	1,029,236	1,025,395	1,022,758
Pretax margin		13.19%	12.46%	11.78%	11.04%	9.38%	8.46%	7.82%	7.36%	8.74%	7.71%	6.24%	4.92%	6.25%	6.17%	5.19%	5.36%	3.18%	2.87%	3.97%	4.16%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $268,665K ÷ $2,036,610K
= 13.19%

The pretax margin of Stride Inc has shown a generally increasing trend over the past few quarters, indicating improved profitability before taxes. The company's pretax margin increased from 3.18% in March 2020 to 13.19% in June 2024. This upward trend suggests that the company has been effective in controlling its operating costs and improving its operational efficiency. It is important to note that there were fluctuations in the pretax margin over this period, which may be influenced by various factors such as changes in revenue, expenses, and tax policies. Overall, the increasing pretax margin is a positive indicator of the company's financial performance and management effectiveness in generating profits relative to its revenue.