Robert Half International Inc (RHI)
Pretax margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 357,671 | 402,466 | 443,623 | 498,372 | 576,583 | 659,550 | 748,831 | 838,453 | 896,955 | 915,999 | 918,033 | 881,062 | 803,768 | 711,211 | 586,063 | 440,225 | 421,882 | 446,544 | 507,816 | 609,895 |
| Revenue (ttm) | US$ in thousands | 5,802,240 | 5,899,460 | 6,005,400 | 6,177,680 | 6,416,490 | 6,668,700 | 6,933,560 | 7,152,300 | 7,246,140 | 7,284,310 | 7,161,310 | 6,878,200 | 6,461,620 | 5,995,740 | 5,473,040 | 5,001,040 | 5,110,270 | 5,343,560 | 5,706,820 | 6,115,820 |
| Pretax margin | 6.16% | 6.82% | 7.39% | 8.07% | 8.99% | 9.89% | 10.80% | 11.72% | 12.38% | 12.57% | 12.82% | 12.81% | 12.44% | 11.86% | 10.71% | 8.80% | 8.26% | 8.36% | 8.90% | 9.97% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $357,671K ÷ $5,802,240K
= 6.16%
Robert Half International Inc's pretax margin has displayed fluctuations over the periods provided. The pretax margin, which represents the company's efficiency in generating profits before taxes, started at 9.97% as of March 31, 2020, showing a slight decrease to 8.90% by June 30, 2020, and further declining to 8.26% by December 31, 2020.
Subsequently, there was a gradual improvement in the pretax margin, with an increase to 10.71% by June 30, 2021, and a more significant growth to 12.44% by December 31, 2021. The positive trend continued into the first half of 2022, reaching a peak of 12.82% by June 30, 2022.
However, the pretax margin began to decline from the second half of 2022, dropping to 8.99% by December 31, 2023, and further decreasing to 6.16% by the end of December 31, 2024. The decreasing trend indicates potential challenges in the company's cost management or revenue generation during these periods.
It would be important for stakeholders to further investigate the reasons behind these fluctuations in the pretax margin and assess the company's overall financial performance and strategic direction.
Peer comparison
Dec 31, 2024