QuinStreet Inc (QNST)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -30,396 | -21,362 | -5,762 | 29,329 | 18,686 |
| Revenue | US$ in thousands | 613,514 | 580,624 | 582,099 | 578,487 | 490,339 |
| Pretax margin | -4.95% | -3.68% | -0.99% | 5.07% | 3.81% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-30,396K ÷ $613,514K
= -4.95%
QuinStreet Inc's pretax margin has shown variability over the past five years. The pretax margin was negative in the most recent fiscal year ending June 30, 2024, at -4.95%, deteriorating from the previous year. This signifies that the company's pre-tax earnings as a percentage of its total revenue were incurring losses, indicating potential operational challenges or inefficiencies. In the fiscal year ending June 30, 2023, the pretax margin also showed a negative trend, albeit at a slightly better rate of -3.68%.
In the two preceding years, the pretax margin exhibited more favorable performance. For the fiscal year ending June 30, 2022, the pretax margin was negative but improved compared to the two following years, standing at -0.99%. Turning to the fiscal year ending June 30, 2021, QuinStreet Inc posted a positive pretax margin of 5.07%, which indicates that the company was able to generate pre-tax profits relative to its revenue, reflecting a healthier financial position.
The fiscal year ending June 30, 2020, also exhibited a positive trend in the pretax margin at 3.81%, although slightly lower than the following year. Overall, QuinStreet Inc's pretax margin fluctuated over the five-year period, with recent years showing negative performance, suggesting a need for the company to focus on improving operational efficiency and cost management to enhance profitability.
Peer comparison
Jun 30, 2024