Parker-Hannifin Corporation (PH)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,593,880 | 2,679,060 | 1,613,640 | 2,246,200 | 1,506,490 |
| Revenue | US$ in thousands | 19,984,900 | 18,807,800 | 15,709,500 | 14,233,900 | 13,372,200 |
| Pretax margin | 17.98% | 14.24% | 10.27% | 15.78% | 11.27% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,593,880K ÷ $19,984,900K
= 17.98%
Parker-Hannifin Corporation's pretax margin has shown a fluctuating trend over the past five years. In the most recent fiscal year ending June 30, 2024, the pretax margin improved significantly to 17.98% compared to the previous year's 14.24%. This indicates that the company's ability to generate profits before accounting for taxes has strengthened.
Looking back further, the pretax margin was lower in the fiscal year 2022 at 10.27% but higher in 2021 at 15.78% and in 2020 at 11.27%. The variability in pretax margin over these years may suggest some level of inconsistency in the company's operational efficiency or profitability.
It is important to note that a higher pretax margin generally indicates better profitability and cost management. Therefore, the recent increase in Parker-Hannifin Corporation's pretax margin is a positive sign, reflecting improved operational performance. To gain more insights into the factors driving these changes, further analysis of the company's financial statements and business operations would be required.
Peer comparison
Jun 30, 2024