PTC Inc (PTC)

Pretax margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	468,962	332,566	397,098	391,755	134,706
Revenue	US$ in thousands	2,299,910	1,970,280	1,874,120	1,753,120	1,384,550
Pretax margin		20.39%	16.88%	21.19%	22.35%	9.73%

September 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $468,962K ÷ $2,299,910K
= 20.39%

PTC Inc's pretax margin has shown fluctuating trends over the past five years. The pretax margin was strongest in fiscal year 2021 at 22.35%, indicating that the company was able to generate higher operating income relative to its revenue during that period. However, in fiscal years 2020 and 2023, the pretax margin was notably lower at 9.73% and 16.88% respectively, suggesting challenges in managing operating expenses or generating sufficient revenue during those periods.

In the most recent fiscal year ending September 30, 2024, PTC Inc's pretax margin improved to 20.39%, indicating better control over operating expenses or higher revenue generation efficiency. This improvement may be attributed to strategic cost management initiatives, revenue growth strategies, or a combination of both.

Overall, fluctuations in PTC Inc's pretax margin suggest varying levels of operational efficiency and profitability performance over the past five years. It is important for the company to continue monitoring and improving its pretax margin to sustain profitability and drive long-term financial success.