Progress Software Corporation (PRGS)

Pretax margin

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	94,264	79,657	117,255	95,534	96,635
Revenue	US$ in thousands	753,409	694,439	602,013	531,313	442,150
Pretax margin		12.51%	11.47%	19.48%	17.98%	21.86%

November 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $94,264K ÷ $753,409K
= 12.51%

Progress Software Corporation's pretax margin has shown fluctuations over the five-year period from November 30, 2020, to November 30, 2024.

In November 2020, the pretax margin stood at 21.86%, indicating that for every dollar of revenue generated, the company retained approximately 21.86 cents before accounting for income taxes.

Over the next few years, the pretax margin experienced a downward trend, reaching its lowest point at 11.47% in November 2023. This significant decline may suggest challenges in controlling operating expenses or declining profitability during that period.

However, there was a slight improvement in the pretax margin to 12.51% by November 2024, signaling a potential recovery or strategic adjustments made by the company to enhance its profitability.

Overall, the pretax margin for Progress Software Corporation has displayed variability, highlighting the importance of closely monitoring and managing cost structures and operational efficiency to sustain and improve profitability levels over time.