Mueller Water Products (MWA)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 163,400 | 109,000 | 98,600 | 94,900 | 94,100 |
| Revenue | US$ in thousands | 1,314,700 | 1,275,700 | 1,247,400 | 1,111,000 | 964,100 |
| Pretax margin | 12.43% | 8.54% | 7.90% | 8.54% | 9.76% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $163,400K ÷ $1,314,700K
= 12.43%
The pretax margin of Mueller Water Products demonstrates a fluctuating trend over the observed period from September 30, 2020, to September 30, 2024. In fiscal year 2020, the pretax margin stood at 9.76%, indicating the company's profitability before taxes relative to its revenue. This margin declined in the following year to 8.54% in 2021, reflecting a decrease in pre-tax profitability or increased expenses relative to sales. The downward trend continued into 2022, with the pretax margin further reduced to 7.90%, which may suggest ongoing challenges in maintaining profit efficiency or escalated costs.
However, in fiscal year 2023, the pretax margin experienced a modest recovery, rising back to 8.54%, potentially indicating some improvements in operational efficiency or revenue performance. The most notable change occurred in 2024, where the pretax margin increased significantly to 12.43%, the highest level within the analyzed period. This sharp increase suggests a substantial improvement in pre-tax profitability, possibly driven by factors such as cost management, pricing strategies, or a favorable shift in revenue mix.
Overall, the trend shows initial declines followed by stabilization and a marked improvement in the most recent period, indicating a positive turn in the company's pretax profitability trajectory.
Peer comparison
Sep 30, 2024