Procter & Gamble Company (PG)
Pretax margin
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 19,516,000 | 19,447,000 | 18,098,000 | 18,760,000 | 19,123,000 | 18,819,000 | 19,158,000 | 18,353,000 | 17,770,000 | 17,553,000 | 17,957,000 | 17,995,000 | 17,909,000 | 17,715,000 | 17,353,000 | 17,615,000 | 17,512,000 | 17,133,000 | 16,788,000 | 15,834,000 |
| Revenue (ttm) | US$ in thousands | 83,927,000 | 84,346,000 | 83,905,000 | 84,039,000 | 84,060,000 | 83,933,000 | 83,265,000 | 82,006,000 | 80,968,000 | 80,281,000 | 80,461,000 | 80,187,000 | 79,618,000 | 78,346,000 | 77,138,000 | 76,118,000 | 74,870,000 | 73,975,000 | 72,470,000 | 70,950,000 |
| Pretax margin | 23.25% | 23.06% | 21.57% | 22.32% | 22.75% | 22.42% | 23.01% | 22.38% | 21.95% | 21.86% | 22.32% | 22.44% | 22.49% | 22.61% | 22.50% | 23.14% | 23.39% | 23.16% | 23.17% | 22.32% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $19,516,000K ÷ $83,927,000K
= 23.25%
The pretax margin of Procter & Gamble has demonstrated relative stability over the analyzed period, with fluctuations within a narrow range. Starting at 22.32% as of June 30, 2020, it experienced a gradual upward trend, reaching a peak of approximately 23.39% on March 31, 2021. Subsequent periods exhibited minor variations, with margins oscillating between approximately 21.86% and 23.06%.
From the second quarter of 2021 through early 2024, the pretax margin largely remained within the 22% to 23% interval, indicating a consistent ability to generate pre-tax profits relative to revenue despite market and operational fluctuations. The lowest point was approximately 21.57% on September 30, 2024, while the highest was around 23.06% on December 31, 2024.
Overall, the pretax margin reflects a stable profitability profile, with the company maintaining efficient operations across multiple fiscal periods. The slight upward movement observed towards the end of 2024 and early 2025 suggests marginal improvements in operational efficiency or cost management. The range of approximately 21.57% to 23.39% highlights the company's capacity to sustain profitability amidst changing economic conditions.