MSC Industrial Direct Company Inc (MSM)
Pretax margin
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 414,103 | 439,869 | 456,282 | 477,904 | 484,532 | 471,969 | 450,436 | 399,671 | 392,172 | 322,868 | 287,349 | 269,277 | 247,305 | 297,286 | 333,609 | 351,564 | 354,067 | 371,313 | 383,197 | 400,310 |
| Revenue (ttm) | US$ in thousands | 3,966,848 | 3,994,127 | 3,996,173 | 3,986,703 | 3,886,545 | 3,789,774 | 3,683,892 | 3,484,972 | 3,393,268 | 3,304,778 | 3,228,315 | 3,148,997 | 3,115,920 | 3,128,104 | 3,180,142 | 3,275,080 | 3,312,105 | 3,352,510 | 3,363,817 | 3,359,132 |
| Pretax margin | 10.44% | 11.01% | 11.42% | 11.99% | 12.47% | 12.45% | 12.23% | 11.47% | 11.56% | 9.77% | 8.90% | 8.55% | 7.94% | 9.50% | 10.49% | 10.73% | 10.69% | 11.08% | 11.39% | 11.92% |
March 2, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $414,103K ÷ $3,966,848K
= 10.44%
The pretax margin of MSC Industrial Direct Company Inc has exhibited some fluctuations over the time periods indicated. The pretax margin, which represents the operating income as a percentage of total revenue before taxes, shows the company's ability to generate profits from its core operations. The pretax margin ranged from a low of 7.94% in February 2021 to a high of 12.47% in March 2023.
Overall, the pretax margin trended downwards from February 2021 to November 2021, before experiencing an upturn starting in late 2021 and continuing into early 2024. This indicates potential challenges in profitability during that period, which may have been influenced by various factors such as changes in sales volume, cost management, or pricing strategies. The recent increase in the pretax margin suggests an improvement in the company's operating efficiency and profitability.
Peer comparison
Mar 2, 2024