McKesson Corporation (MCK)
Pretax margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,359,000 | 4,014,000 | 3,400,000 | 3,782,000 | 3,789,000 | 3,551,000 | 4,387,000 | 4,715,000 | 4,630,000 | 4,345,000 | 3,174,000 | 2,372,000 | 1,928,000 | 2,310,000 | -5,330,000 | -5,117,000 | -5,034,000 | -4,862,000 | 2,795,000 | 1,170,000 |
| Revenue (ttm) | US$ in thousands | 359,051,000 | 344,583,000 | 330,187,000 | 313,751,000 | 308,951,000 | 301,506,000 | 291,098,000 | 284,040,000 | 276,711,000 | 273,903,000 | 272,027,000 | 268,446,000 | 263,966,000 | 257,006,000 | 250,991,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,194,000 | 231,002,000 |
| Pretax margin | 1.21% | 1.16% | 1.03% | 1.21% | 1.23% | 1.18% | 1.51% | 1.66% | 1.67% | 1.59% | 1.17% | 0.88% | 0.73% | 0.90% | -2.12% | -2.09% | -2.11% | -2.05% | 1.19% | 0.51% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,359,000K ÷ $359,051,000K
= 1.21%
McKesson Corporation's pretax margin has shown fluctuations over the periods from June 30, 2020, to March 31, 2025. The pretax margin started at a low of 0.51% on June 30, 2020, then gradually improved to reach a peak of 1.67% on March 31, 2023. However, there were periods of negative pretax margins, notably from December 31, 2020, to September 30, 2021.
From December 31, 2021, the pretax margin turned positive again, signaling a recovery in the company's profitability. The trend continued upward, with steady improvements up to March 31, 2025, where the pretax margin stood at 1.21%. Overall, the pretax margin trend indicates that McKesson Corporation has effectively managed its operating expenses and generated higher profits before taxes over the period under review.
Peer comparison
Mar 31, 2025