McKesson Corporation (MCK)
Pretax margin
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,631,000 | 3,393,000 | 4,230,000 | 4,550,000 | 4,465,000 | 4,180,000 | 3,003,000 | 2,205,000 | 1,750,000 | 2,113,000 | -5,544,000 | -5,338,000 | -5,256,000 | -5,077,000 | 2,582,000 | 953,000 | 918,000 | -917,000 | -558,000 | 1,000,000 |
| Revenue (ttm) | US$ in thousands | 308,743,000 | 301,155,000 | 290,742,000 | 283,832,000 | 276,496,000 | 273,874,000 | 272,026,000 | 268,122,000 | 263,687,000 | 256,729,000 | 250,755,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,203,000 | 231,016,000 | 231,082,000 | 224,976,000 | 222,003,000 | 217,457,000 |
| Pretax margin | 1.18% | 1.13% | 1.45% | 1.60% | 1.61% | 1.53% | 1.10% | 0.82% | 0.66% | 0.82% | -2.21% | -2.18% | -2.21% | -2.14% | 1.10% | 0.41% | 0.40% | -0.41% | -0.25% | 0.46% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,631,000K ÷ $308,743,000K
= 1.18%
The pretax margin of McKesson Corporation has varied over the past few quarters, indicating fluctuations in the company's profitability before taxes. The pretax margin improved from negative figures in the third and fourth quarters of 2021 to positive values in the first quarter of 2022, peaking at 1.61%. However, this trend was not sustained, as the pretax margin decreased in subsequent quarters but remained positive. The latest reported pretax margin for March 31, 2024, stood at 1.18%, indicating a moderate profitability level before accounting for taxes. The company should continue monitoring and managing its operating expenses and revenue generation to maintain or improve its pretax margin in the future.
Peer comparison
Mar 31, 2024