RH (RH)
Pretax margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 156,237 | 237,615 | 383,939 | 458,889 | 437,284 | 532,358 | 635,926 | 687,009 | 822,104 | 808,806 | 665,927 | 553,474 | 376,459 | 288,707 | 253,912 | 217,032 | 269,182 | 226,736 | 190,453 | 175,437 |
| Revenue (ttm) | US$ in thousands | 2,836,374 | 3,120,032 | 3,261,556 | 3,447,058 | 3,540,792 | 3,448,343 | 3,584,715 | 3,614,984 | 3,668,919 | 3,610,126 | 3,464,121 | 3,200,155 | 2,834,489 | 2,687,029 | 2,534,679 | 2,531,911 | 2,755,530 | 2,761,445 | 2,720,477 | 2,654,761 |
| Pretax margin | 5.51% | 7.62% | 11.77% | 13.31% | 12.35% | 15.44% | 17.74% | 19.00% | 22.41% | 22.40% | 19.22% | 17.30% | 13.28% | 10.74% | 10.02% | 8.57% | 9.77% | 8.21% | 7.00% | 6.61% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $156,237K ÷ $2,836,374K
= 5.51%
The pretax margin of RH has shown some fluctuations over the time period provided. From May 2019 to October 2020, the pretax margin generally decreased from 7.00% to 6.61%. However, there was a significant increase starting from January 2021, with the pretax margin reaching a peak of 22.41% by January 2022. Subsequently, there was a slight decrease before experiencing another peak in October 2022 at 17.74%.
Overall, the pretax margin trend indicates that RH's profitability before accounting for taxes has shown some variability but has generally improved in recent periods, suggesting effective cost management and revenue generation strategies. Further analysis of the company's financial performance and operational efficiencies may shed light on the factors influencing these fluctuations in the pretax margin.
Peer comparison
Feb 3, 2024