Ross Stores Inc (ROST)

Pretax margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	2,471,780	1,987,490	2,258,540	106,297	2,164,290
Revenue	US$ in thousands	20,541,100	18,693,000	18,841,900	12,208,200	16,057,200
Pretax margin		12.03%	10.63%	11.99%	0.87%	13.48%

February 3, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $2,471,780K ÷ $20,541,100K
= 12.03%

The pretax margin of Ross Stores Inc has fluctuated over the past five fiscal years. In fiscal year Feb 3, 2024, the pretax margin stood at 12.03%, showing an improvement compared to the previous year's 10.63%. This indicates that the company was more efficient in generating profits before taxes in FY 2024. However, the pretax margin in FY 2021 was notably lower at 0.87%, reflecting a significant decline in profitability compared to the other years. It rebounded in FY 2020, reaching 13.48%, demonstrating a strong performance in that fiscal year. Overall, the pretax margin has shown variability, with fluctuations in profitability levels over the past five years.