McKesson Corporation (MCK)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,631,000 | 4,465,000 | 1,750,000 | -5,234,000 | 918,000 |
| Revenue | US$ in thousands | 308,734,000 | 276,496,000 | 263,638,000 | 238,047,000 | 230,835,000 |
| Pretax margin | 1.18% | 1.61% | 0.66% | -2.20% | 0.40% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,631,000K ÷ $308,734,000K
= 1.18%
The pretax margin of McKesson Corporation has fluctuated over the past five years as follows: 1.18% in 2024, 1.61% in 2023, 0.66% in 2022, -2.20% in 2021, and 0.40% in 2020. The pretax margin measures the company's efficiency in generating profits before accounting for taxes. A higher pretax margin indicates that the company is more effective in controlling operating expenses and generating profits.
In 2024, McKesson Corporation's pretax margin decreased to 1.18% from 1.61% in 2023, which could be attributed to various factors such as changes in operating expenses, competition, or economic conditions. While the company's pretax margin has fluctuated over the years, it is important for stakeholders to monitor these trends to assess the company's financial health and performance.
Peer comparison
Mar 31, 2024