Perrigo Company PLC (PRGO)

Pretax margin

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-207,700	-111,200	-8,300	31,700	9,000	-121,800	-139,100	-114,900	277,500	228,700	258,700	40,600	-476,000	-247,100	-149,400	24,600	249,600	204,800	171,000	408,900
Revenue (ttm)	US$ in thousands	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400	4,709,800
Pretax margin		-4.69%	-2.44%	-0.18%	0.68%	0.19%	-2.67%	-3.12%	-2.61%	6.39%	5.44%	6.25%	0.94%	-10.59%	-5.22%	-2.95%	0.48%	4.92%	4.09%	3.53%	8.68%

June 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-207,700K ÷ $4,428,700K
= -4.69%

Perrigo Company PLC's pre-tax margin has shown variability over the past several quarters. The pretax margin was negative in the most recent quarter at -4.69%, indicating that the company's expenses exceeded its operating income. Over the previous quarters, the trends have been fluctuating, with margins improving slightly but remaining in negative or low positive territory. Additionally, the pretax margin was highest in the Jun 30, 2022 quarter at 6.39%, reflecting the company's ability to generate more profit before accounting for taxes. Overall, Perrigo's pretax margin has been inconsistent, and the company may need to focus on controlling costs and improving revenue generation to enhance profitability.