ODP Corp (ODP)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 201,000 | 266,000 | 263,000 | 251,000 | 231,000 | -79,000 | -40,000 | -154,000 | -165,000 | 113,000 | 106,000 | -290,000 | -287,000 | -210,000 | -238,000 | 206,000 | 149,000 | 61,000 | 53,000 | 109,000 |
| Revenue (ttm) | US$ in thousands | 7,821,000 | 8,121,000 | 8,288,000 | 8,415,000 | 8,480,000 | 8,416,000 | 8,417,000 | 8,667,000 | 8,853,000 | 9,099,000 | 9,460,000 | 9,315,000 | 9,663,000 | 9,883,000 | 10,111,000 | 10,541,000 | 10,580,000 | 10,727,000 | 10,822,000 | 10,854,000 |
| Pretax margin | 2.57% | 3.28% | 3.17% | 2.98% | 2.72% | -0.94% | -0.48% | -1.78% | -1.86% | 1.24% | 1.12% | -3.11% | -2.97% | -2.12% | -2.35% | 1.95% | 1.41% | 0.57% | 0.49% | 1.00% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $201,000K ÷ $7,821,000K
= 2.57%
The pretax margin for ODP Corp has shown varying trends over the analyzed periods. The company's pretax margin fluctuated between negative and positive values, indicating inconsistent profitability before taxes. From Dec 31, 2019, to Sep 30, 2022, the pretax margin was mostly negative, reaching its lowest point at -3.11% on Mar 31, 2021. However, starting from Dec 31, 2022, the pretax margin turned positive and generally increased, peaking at 3.28% on Sep 30, 2023. This positive trend indicates an improvement in profitability before taxes in recent quarters. Further monitoring and analysis of the pretax margin will be necessary to assess the sustainability of this upward trend.
Peer comparison
Dec 31, 2023