Performance Food Group Co (PFGC)
Pretax margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 577,900 | 592,900 | 577,400 | 544,000 | 454,100 | 376,300 | 291,500 | 167,100 | 94,800 | 48,700 | 62,200 | 54,700 | -251,400 | -299,800 | -270,400 | -222,200 | 123,100 | 227,300 | 229,300 | 218,300 |
| Revenue (ttm) | US$ in thousands | 57,726,600 | 57,641,400 | 57,250,300 | 57,036,700 | 56,769,700 | 56,087,400 | 55,037,800 | 50,708,000 | 45,431,800 | 39,564,100 | 33,577,600 | 30,246,500 | 26,716,500 | 26,516,600 | 25,751,700 | 24,969,400 | 25,115,200 | 22,822,200 | 21,379,700 | 19,678,100 |
| Pretax margin | 1.00% | 1.03% | 1.01% | 0.95% | 0.80% | 0.67% | 0.53% | 0.33% | 0.21% | 0.12% | 0.19% | 0.18% | -0.94% | -1.13% | -1.05% | -0.89% | 0.49% | 1.00% | 1.07% | 1.11% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $577,900K ÷ $57,726,600K
= 1.00%
Performance Food Group Co's pretax margin has shown some fluctuations over the past few quarters. The pretax margin was relatively low in the first quarter of 2021, reaching -0.94%, and further deteriorated to -1.13% in the following quarter. However, there was a significant improvement in the pretax margin in the last quarter of 2021, reaching 1.11%.
Subsequently, in the first quarter of 2022, the pretax margin decreased to 1.00% and continued to decline slightly in the following quarters. In the most recent quarter, the pretax margin stood at 1.00%. Overall, the pretax margin has been relatively stable around the 1% range in recent quarters, indicating that the company has been able to maintain its profitability before taxes within a consistent range. Further monitoring of the pretax margin trends will be essential to assess the company's financial performance and profitability sustainability.
Peer comparison
Mar 31, 2024