Macy’s Inc (M)
Pretax margin
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 763,000 | 124,000 | 124,000 | 1,518,000 | 1,518,000 |
| Revenue | US$ in thousands | 23,006,000 | 23,866,000 | 23,866,000 | 23,866,000 | 25,449,000 |
| Pretax margin | 3.32% | 0.52% | 0.52% | 6.36% | 5.96% |
January 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $763,000K ÷ $23,006,000K
= 3.32%
Macy's Inc's pretax margin, which is a key profitability ratio indicating the company's efficiency in generating profits before taxes, has shown fluctuations over the years.
On January 28, 2023, the pretax margin was 5.96%, indicating that Macy's was able to retain a reasonable percentage of its revenue as pre-tax profit. However, by January 31, 2024, the pretax margin dropped significantly to 0.52%, signaling a decrease in profitability. This decline remained consistent as of February 3, 2024.
Subsequently, there was a slight improvement in the pretax margin by January 31, 2025, rising to 3.32%. Despite the increase, the pretax margin still lags behind previous levels observed in 2023.
Overall, Macy's Inc's pretax margin reflects varying levels of profitability in recent years, suggesting potential challenges in maintaining consistent profitability and efficiency in managing pre-tax earnings.
Peer comparison
Jan 31, 2025