Performance Food Group Co (PFGC)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 458,800 | 507,100 | 525,400 | 580,400 | 596,800 | 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 |
| Revenue (ttm) | US$ in thousands | 63,298,900 | 61,549,200 | 60,100,600 | 58,758,100 | 58,281,200 | 57,957,200 | 57,870,800 | 57,474,000 | 57,254,700 | 56,979,500 | 56,287,200 | 55,227,100 | 50,894,100 | 45,608,500 | 39,732,000 | 33,738,400 | 30,398,900 | 26,868,500 | 26,666,700 | 25,890,100 |
| Pretax margin | 0.72% | 0.82% | 0.87% | 0.99% | 1.02% | 1.00% | 1.02% | 1.00% | 0.95% | 0.80% | 0.67% | 0.53% | 0.33% | 0.21% | 0.12% | 0.18% | 0.18% | -0.94% | -1.12% | -1.04% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $458,800K ÷ $63,298,900K
= 0.72%
The pretax margin of Performance Food Group Co experienced significant fluctuations from September 30, 2020, through June 30, 2025. Initially, the pretax margin was negative at -1.04% as of September 30, 2020, reflecting unprofitable operations during that period. The margin slightly worsened to -1.12% by December 31, 2020, suggesting ongoing challenges.
Throughout 2021, the pretax margin improved gradually, moving from -0.94% in March 2021 to a break-even point of 0.18% in June 2021. This positive trend persisted into the latter part of 2021 and into 2022, with the margin reaching 0.67% by December 2022. The incremental gains indicate a recovery in profitability, with margins consistently remaining in positive territory.
Between March 2022 and September 2023, the pretax margin continued to strengthen, rising steadily from 0.21% to 1.00%. The most recent data as of September 30, 2023, shows a pretax margin of 1.00%, signaling sustained profitability and an improving operational efficiency.
However, the subsequent quarters reveal some erosion in margin. From the peak of 1.02% at the end of 2023, the margin declined slightly to 0.99% by September 2024 and continued to decrease to 0.87% by December 2024. The downward trend persisted into 2025, with the margin decreasing to 0.72% by June 30, 2025.
Overall, the company's pretax margin transitioned from negative territory at the onset of the period to positive levels over time, reflecting a period of recovery and improvement in profitability. Nonetheless, recent data indicates a moderate decline from the peak margins, which warrants ongoing analysis to determine underlying causes and future outlooks.
Peer comparison
Jun 30, 2025