Prestige Brand Holdings Inc (PBH)

Pretax margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	284,189	276,025	-93,915	262,458	204,113
Revenue	US$ in thousands	1,137,760	1,125,360	1,127,720	1,086,810	943,365
Pretax margin		24.98%	24.53%	-8.33%	24.15%	21.64%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $284,189K ÷ $1,137,760K
= 24.98%

The pretax margin of Prestige Brand Holdings Inc has exhibited some variability over the period from March 31, 2021, to March 31, 2025.

- In March 31, 2021, the pretax margin stood at 21.64%, indicating that for every dollar of revenue generated, the company retained approximately 21.64 cents before accounting for taxes.
- By March 31, 2022, the pretax margin improved to 24.15%, suggesting an enhanced efficiency in managing operating expenses and generating profits.
- However, in March 31, 2023, there was a significant decrease in the pretax margin to -8.33%, which may raise concerns as the company incurred more operating expenses or experienced a decline in revenues, resulting in a loss before tax.
- The following year, in March 31, 2024, the pretax margin rebounded to 24.53%, demonstrating a notable recovery and improvement in profitability compared to the previous year.
- Finally, as of March 31, 2025, the pretax margin increased further to 24.98%, signaling the company's ability to effectively control costs and generate higher profits relative to its revenue.

Overall, while there was a notable fluctuation in the pretax margin over the period, the company managed to recover from a negative margin in 2023 and achieve higher profitability in subsequent years, reflecting potential operational efficiency and improved financial performance.