Patterson Companies Inc (PDCO)
Pretax margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 183,383 | 227,788 | 254,185 | 298,375 | 264,587 | 230,807 | 209,478 | 188,143 | 233,845 | 279,567 | 308,243 | 336,897 | 308,592 | 280,588 | 242,362 | 204,384 | 215,983 | 220,037 | 264,639 | 297,391 |
| Revenue (ttm) | US$ in thousands | 6,511,190 | 6,661,440 | 6,603,160 | 6,677,520 | 6,607,630 | 6,537,740 | 6,498,380 | 6,459,020 | 6,527,400 | 6,595,780 | 6,619,890 | 6,644,000 | 6,549,050 | 6,454,100 | 6,376,510 | 6,298,920 | 6,311,490 | 6,281,890 | 6,355,230 | 6,481,130 |
| Pretax margin | 2.82% | 3.42% | 3.85% | 4.47% | 4.00% | 3.53% | 3.22% | 2.91% | 3.58% | 4.24% | 4.66% | 5.07% | 4.71% | 4.35% | 3.80% | 3.24% | 3.42% | 3.50% | 4.16% | 4.59% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $183,383K ÷ $6,511,190K
= 2.82%
The pretax margin of Patterson Companies Inc has varied over the period from April 30, 2022, to January 31, 2025. The pretax margin measures the company's profitability before taking into account taxes and is an important indicator of operational efficiency.
The pretax margin started at 4.59% in April 2022, showing a moderate level of profitability. It then decreased slightly to 4.16% by July 2022 before dropping further to 3.50% in July 2022 and 3.42% in October 2022. These decreases may indicate potential challenges affecting the company's profitability during these periods.
Subsequently, the pretax margin showed some improvement, increasing to 3.80% in January 2023 and further rising to 4.35% by January 31, 2023. This upward trend continued with the pretax margin reaching 5.07% in April 2023, reflecting improved operational efficiency and profitability.
However, the pretax margin dipped to 3.58% in October 2023 and further decreased to 2.91% by October 31, 2023. This decline may raise concerns regarding the company's ability to generate profits before taxes during the specified period.
In the following quarters, the pretax margin fluctuated, showing a slight increase to 3.53% by January 31, 2024, a further rise to 4.47% in April 2024, and a subsequent decline to 3.85% by July 31, 2024. The pretax margin remained relatively stable around the 3-4% range through October 2024.
The pretax margin saw a significant decrease to 2.82% by January 31, 2025, marking a notable decline in profitability before taxes. This decrease may warrant further examination of the company's cost structure, revenue stream, and operational efficiency to address potential profitability challenges in the future.
Peer comparison
Jan 31, 2025