Penguin Solutions, Inc. (PENG)
Pretax margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -31,167 | -39,513 | 42,481 | -32,265 | 9,360 |
| Revenue | US$ in thousands | 1,170,800 | 1,441,250 | 1,395,880 | 1,055,530 | 1,122,380 |
| Pretax margin | -2.66% | -2.74% | 3.04% | -3.06% | 0.83% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-31,167K ÷ $1,170,800K
= -2.66%
The pretax margin of Penguin Solutions, Inc. has exhibited significant fluctuations over the observed period from August 31, 2020, to August 31, 2024. In August 2020, the company reported a positive pretax margin of 0.83%, indicating a modest profitability before taxes. However, by August 2021, the margin declined sharply to -3.06%, reflecting a shift to pre-tax losses. This negative trend persisted into August 2022, but with an improved margin of 3.04%, suggesting a recovery toward profitability. Nonetheless, in subsequent years, the pretax margin reverted to negative territory, recording -2.74% on August 31, 2023, and slightly improving to -2.66% as of August 31, 2024. Overall, the company's pretax profitability has been volatile, oscillating between modest gains and losses, and the recent figures indicate ongoing challenges in maintaining consistent pre-tax profitability.
Peer comparison
Aug 31, 2024