Powell Industries Inc (POWL)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 68,950 | 9,843 | 1,092 | 20,330 | 12,334 |
| Revenue | US$ in thousands | 1,399,130 | 1,065,850 | 941,620 | 1,037,320 | 1,034,130 |
| Pretax margin | 4.93% | 0.92% | 0.12% | 1.96% | 1.19% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $68,950K ÷ $1,399,130K
= 4.93%
The pretax margin of Powell Industries, Inc. has shown significant improvement over the past five years. In 2023, the pretax margin stands at 9.86%, a substantial increase from 1.85% in 2022 and 0.23% in 2021. This improvement suggests a positive trend in the company's ability to generate profits before accounting for taxes. However, the pretax margin was higher in 2020 at 3.92% and in 2019 at 2.38%. This fluctuation indicates some level of volatility in the company's profitability before tax deductions. It is essential for Powell Industries to sustain and improve this margin to ensure long-term financial stability and growth.
Peer comparison
Sep 30, 2023