McCormick & Company Incorporated (MKC)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 897,200 | 855,100 | 817,600 | 887,000 | 834,800 | 850,600 | 866,300 | 828,000 | 916,900 | 948,000 | 951,600 | 960,700 | 967,900 | 922,300 | 943,900 | 919,600 | 864,800 | 860,100 | 850,100 | 819,800 |
| Revenue (ttm) | US$ in thousands | 6,699,400 | 6,662,200 | 6,605,100 | 6,516,000 | 6,393,600 | 6,350,500 | 6,385,100 | 6,338,900 | 6,358,800 | 6,317,900 | 6,145,500 | 6,026,400 | 5,870,800 | 5,601,300 | 5,528,200 | 5,427,100 | 5,327,900 | 5,347,400 | 5,330,500 | 5,319,500 |
| Pretax margin | 13.39% | 12.84% | 12.38% | 13.61% | 13.06% | 13.39% | 13.57% | 13.06% | 14.42% | 15.00% | 15.48% | 15.94% | 16.49% | 16.47% | 17.07% | 16.94% | 16.23% | 16.08% | 15.95% | 15.41% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $897,200K ÷ $6,699,400K
= 13.39%
Pretax margin is a key profitability ratio that reflects the company's efficiency in generating profits before accounting for taxes. McCormick & Company Incorporated's pretax margin has shown some fluctuations over the past few quarters.
On February 29, 2024, the pretax margin was 13.39%, which increased from the previous quarter's figure of 12.84% in November 30, 2023. However, compared to the same period last year, the pretax margin was slightly lower.
Looking back further, the pretax margin has shown some variability but generally remained in the range of 12% to 17% over the examined periods. The peak pretax margin of 17.07% was recorded in August 31, 2020, while the lowest pretax margin of 12.38% was observed in August 31, 2023.
Overall, the pretax margin of McCormick & Company Incorporated has demonstrated resilience and remained relatively stable, reflecting the company's ability to efficiently manage costs and generate profits before taxes.