Mesa Laboratories Inc (MLAB)

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	-275,648	-389	3,574	2,303	3,433
Revenue	US$ in thousands	216,187	219,080	184,335	133,937	117,687
Pretax margin		-127.50%	-0.18%	1.94%	1.72%	2.92%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $-275,648K ÷ $216,187K
= -127.50%

The pretax margin of Mesa Laboratories Inc has shown a declining trend over the past five years. The company experienced a significant decrease in pretax margin from 2.92% in 2020 to -127.50% in 2024, indicating a negative profitability trend. This negative pretax margin in 2024 suggests that the company's expenses exceeded its revenues before accounting for taxes, leading to a loss before taxes. It is important for Mesa Laboratories Inc to assess its cost structure, revenue streams, and operational efficiency to improve its profitability and return to positive pretax margins in the future.