ResMed Inc (RMD)
Pretax margin
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,577,245 | 1,534,973 | 1,376,104 | 1,264,798 | 1,183,867 | 1,097,824 | 1,112,061 | 1,101,663 | 1,062,951 | 999,892 | 963,487 | 960,482 | 961,603 | 953,289 | 926,595 | 883,661 | 856,545 | 830,195 | 798,355 | 733,088 |
| Revenue (ttm) | US$ in thousands | 5,021,540 | 4,926,780 | 4,807,490 | 4,546,017 | 4,444,877 | 4,364,797 | 4,235,737 | 4,222,994 | 4,015,671 | 3,763,271 | 3,624,405 | 3,578,126 | 3,539,492 | 3,443,759 | 3,348,896 | 3,196,825 | 3,091,065 | 3,091,753 | 3,027,899 | 2,957,011 |
| Pretax margin | 31.41% | 31.16% | 28.62% | 27.82% | 26.63% | 25.15% | 26.25% | 26.09% | 26.47% | 26.57% | 26.58% | 26.84% | 27.17% | 27.68% | 27.67% | 27.64% | 27.71% | 26.85% | 26.37% | 24.79% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,577,245K ÷ $5,021,540K
= 31.41%
The pretax margin of ResMed Inc. demonstrates a generally stable profitability pattern over the period analyzed, with fluctuations within a relatively narrow range. Starting from a figure of 24.79% at the end of June 2020, the margin experienced a gradual increase, reaching a peak of approximately 27.71% by the end of March 2021. Subsequently, the margin remained relatively steady, oscillating between approximately 26.58% and 27.68% through the end of 2022 and into the first quarter of 2023.
From the second quarter of 2023 onward, a modest downward trend is observed, culminating in a low point of 25.15% at the end of December 2023. However, a notable upward recovery appears in the subsequent quarters, with the margin rising to 26.63% in the first quarter of 2024, and further increasing to 27.82%, then 28.62%, and ultimately reaching 31.16% by the end of December 2024. The first quarter of 2025 continues this upward trend, with the pretax margin reaching 31.41%.
Overall, the pretax margin exhibits periods of stability with incremental increases, punctuated by a brief decline toward the end of 2023, followed by a substantial recovery and upward trend. The pattern suggests resilient operational efficiency and profitability, with recent data indicating an improving trend in pretax margins.
Peer comparison
Mar 31, 2025