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.


Peer comparison

Mar 31, 2024