Sally Beauty Holdings Inc (SBH)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 252,050 | 244,097 | 324,934 | 231,322 | 362,164 |
| Revenue | US$ in thousands | 3,652,760 | 3,705,580 | 3,777,230 | 3,415,500 | 3,779,150 |
| Pretax margin | 6.90% | 6.59% | 8.60% | 6.77% | 9.58% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $252,050K ÷ $3,652,760K
= 6.90%
The pretax margin of Sally Beauty Holdings Inc has fluctuated over the past five years. In 2019, the pretax margin was relatively high at 9.34%, indicating strong profitability before accounting for taxes. However, in 2020, the pretax margin decreased to 4.55%, signaling a significant decline in profitability. The following year, in 2021, the pretax margin rebounded to 8.39%, showing a substantial improvement in profitability. In 2022, it remained relatively stable at 6.40%, before increasing slightly to 6.76% in 2023. This indicates that the company has been able to maintain a reasonable level of profitability, albeit with some fluctuations, over the five-year period.
Peer comparison
Sep 30, 2023