Post Holdings Inc (POST)

Pretax margin

		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	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	401,000	401,000	432,300	521,100	992,500	842,300	741,100	501,100	95,200	233,200	255,500	331,300	-45,700	-20,500	-172,500	-189,900	81,000	120,800	222,300	310,600
Revenue (ttm)	US$ in thousands	7,390,600	6,991,000	6,624,700	6,290,200	6,080,000	5,851,200	5,628,000	5,350,600	5,142,400	5,262,900	5,318,300	5,407,200	5,699,900	5,698,700	5,730,200	5,833,000	5,726,600	5,681,100	5,868,200	6,037,100
Pretax margin		5.43%	5.74%	6.53%	8.28%	16.32%	14.40%	13.17%	9.37%	1.85%	4.43%	4.80%	6.13%	-0.80%	-0.36%	-3.01%	-3.26%	1.41%	2.13%	3.79%	5.14%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $401,000K ÷ $7,390,600K
= 5.43%

Post Holdings Inc's pretax margin has fluctuated over the past eight quarters, ranging from a high of 16.65% in Q1 2023 to a low of 5.56% in Q1 2024. The trend shows a general decline from Q1 2023 to Q4 2023, followed by a slight increase in Q1 2024. This indicates that the company's profitability before taxes has been inconsistent in recent quarters. Further analysis of the underlying factors affecting the pretax margin, such as changes in revenue, expenses, and operational efficiency, would be necessary to fully understand the fluctuations observed.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Post Holdings Inc

POST

5.43%

General Mills Inc

GIS

15.75%

Ingredion Incorporated