Quanex Building Products (NX)
Pretax margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 102,575 | 97,046 | 93,218 | 91,130 | 98,468 | 109,763 | 108,427 | 95,871 | 82,475 | 80,094 | 80,492 | 74,517 | 61,142 | 50,300 | -2,856 | -1,235 | -30,884 | -35,954 | -1,403 | -3,818 |
| Revenue (ttm) | US$ in thousands | 1,109,013 | 1,130,825 | 1,136,294 | 1,162,759 | 1,214,361 | 1,221,502 | 1,205,738 | 1,161,578 | 1,109,042 | 1,072,149 | 1,035,786 | 968,005 | 885,123 | 851,573 | 836,537 | 862,902 | 893,630 | 893,841 | 897,558 | 898,918 |
| Pretax margin | 9.25% | 8.58% | 8.20% | 7.84% | 8.11% | 8.99% | 8.99% | 8.25% | 7.44% | 7.47% | 7.77% | 7.70% | 6.91% | 5.91% | -0.34% | -0.14% | -3.46% | -4.02% | -0.16% | -0.42% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $102,575K ÷ $1,109,013K
= 9.25%
Quanex Building Products has shown a fluctuating pretax margin over the past several quarters. The pretax margin measures the percentage of revenue that remains as pre-tax profit after accounting for operating expenses.
In the latest quarter, ending January 31, 2024, the pretax margin was 9.25%, showing a slight improvement from the previous quarter at 8.58% and reaching its highest level in the last seven quarters. This indicates that the company was able to better control its expenses relative to its revenue during this period.
Looking at the trend over the past two years, Quanex Building Products' pretax margin has generally been above 5%, with some quarters performing significantly better than others. The company faced challenges in the third and fourth quarters of 2020 when the pretax margin dipped into negative territory, indicating that expenses surpassed revenue during those periods.
Overall, the recent uptick in the pretax margin suggests an improvement in operational efficiency and profitability for Quanex Building Products. However, it is important to monitor future quarters to assess the sustainability of this trend and to understand the factors driving these fluctuations in profitability.
Peer comparison
Jan 31, 2024