McKesson Corporation (MCK)
Pretax margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,359,000 | 3,789,000 | 4,630,000 | 1,928,000 | -5,034,000 |
| Revenue | US$ in thousands | 359,051,000 | 308,951,000 | 276,711,000 | 263,966,000 | 238,228,000 |
| Pretax margin | 1.21% | 1.23% | 1.67% | 0.73% | -2.11% |
March 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $4,359,000K ÷ $359,051,000K
= 1.21%
The pretax margin of McKesson Corporation has shown a varying trend over the past five years. In March 2021, the company reported a negative pretax margin of -2.11%, indicating that its pre-tax income was insufficient to cover its operating expenses. However, by March 2022, the pretax margin improved to a positive 0.73%, reflecting better cost management or increased revenue generation.
Subsequently, in March 2023, the pretax margin further increased to 1.67%, indicating improved profitability before taxes. However, there was a slight decline in the pretax margin to 1.23% by March 2024, possibly due to changing market conditions or internal factors affecting profit margins.
In the most recent period ending March 31, 2025, the pretax margin remained relatively stable at 1.21%. Overall, the trend suggests that McKesson Corporation has been able to enhance its pre-tax profitability over the years, though there have been fluctuations in performance. Monitoring and analyzing the pretax margin can help assess the company's efficiency in managing expenses and generating profits before taxes.
Peer comparison
Mar 31, 2025