Premier Inc (PINC)
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 | 98,049 | 159,072 | 53,619 | 189,567 | 150,264 | 98,390 | 228,623 | 244,618 | 249,998 | 264,947 | 252,829 | 248,289 | 326,900 | 339,346 | 350,471 | 328,433 | 250,641 | 258,621 | 271,110 | 365,681 |
| Revenue (ttm) | US$ in thousands | 1,012,647 | 1,100,058 | 1,125,542 | 1,220,021 | 1,290,631 | 1,280,727 | 1,316,093 | 1,340,974 | 1,336,095 | 1,336,437 | 1,362,038 | 1,381,627 | 1,432,901 | 1,573,710 | 1,695,800 | 1,739,412 | 1,721,152 | 1,582,390 | 1,447,290 | 1,344,069 |
| Pretax margin | 9.68% | 14.46% | 4.76% | 15.54% | 11.64% | 7.68% | 17.37% | 18.24% | 18.71% | 19.82% | 18.56% | 17.97% | 22.81% | 21.56% | 20.67% | 18.88% | 14.56% | 16.34% | 18.73% | 27.21% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $98,049K ÷ $1,012,647K
= 9.68%
The analysis of Premier Inc.'s pretax margin over the specified period reveals significant fluctuations. In the fiscal year ending September 30, 2020, the pretax margin stood at 27.21%, indicating a strong profitability before taxes. This margin experienced a notable decline through December 31, 2020, decreasing to 18.73%, and continued its downward trend into the first quarter of 2021, reaching 16.34%. The decline persisted into June 30, 2021, with the margin at 14.56%, reflecting decreasing profitability.
However, starting from September 30, 2021, there was a recovery in pretax margins, rising to 18.88%, and maintaining an upward trajectory into December 2021 at 20.67%, further improving to 21.56% in the first quarter of 2022, and reaching 22.81% by June 30, 2022. Despite these gains, margins declined again in the second half of 2022, with the September 30 figure at 17.97% and December 31 at 18.56%. The trend of modest recovery continued through 2023 with March margins at 19.82%, June at 18.71%, and September at 18.24%.
Starting from late 2023, notable volatility is observed. The pretax margin sharply dropped to 17.37% by December 2023, followed by a dramatic decrease in March 2024 to 7.68%. This steep decline persisted into June 2024 with an 11.64% margin, and the third quarter of 2024 saw an increase to 15.54%. However, the margin declined again in December 2024, reaching 4.76%, before rebounding somewhat in 2025 to 14.46% in March and further declining to 9.68% in June.
Overall, the pretax margin exhibits substantial variability over the analyzed period, with periods of strong profitability interspersed with significant declines. The initial high margin suggests effective cost management or favorable revenue conditions, while the subsequent fluctuations point toward operational or market challenges, increased expenses, or other financial pressures impacting profitability. The pronounced dips in late 2023 and early 2024 indicate possible disruptions or extraordinary factors adversely affecting the company's pretax earnings during those periods.
Peer comparison
Jun 30, 2025