Perrigo Company PLC (PRGO)

Pretax margin

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-205,100	-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
Revenue (ttm)	US$ in thousands	4,392,400	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
Pretax margin		-4.67%	-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%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-205,100K ÷ $4,392,400K
= -4.67%

Perrigo Company PLC's pretax margin has exhibited fluctuations over the past 16 quarters. The pretax margin, which represents the percentage of each dollar of revenue that translates into pre-tax profit, was negative in the most recent two quarters (-4.67% in Sep 2024 and -4.69% in Jun 2024). This suggests that the company's expenses exceeded its operating income during these periods.

The pretax margin had also been negative in Mar 2024 (-2.44%) and Dec 2023 (-0.18%), indicating challenges in profitability during those periods. However, the company managed to achieve positive pretax margins in the preceding quarters, with the highest being 6.39% in Jun 2022.

Overall, the pretax margin trend for Perrigo Company PLC shows variability, with both positive and negative margins recorded in recent quarters. This suggests fluctuations in the company's profitability performance and highlights the importance of monitoring cost management and revenue generation strategies to improve overall financial health.