Sally Beauty Holdings Inc (SBH)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	235,194	252,050	216,625	208,380	220,222	244,096	313,327	354,066	339,129	324,934	325,304	195,472	165,465	159,967	162,475	282,692	349,762	362,165	347,033	330,410
Revenue (ttm)	US$ in thousands	3,628,215	3,653,284	3,698,523	3,711,659	3,701,123	3,722,075	3,746,879	3,820,324	3,831,278	3,779,726	3,767,647	3,446,701	3,393,635	3,444,070	3,452,195	3,723,594	3,796,746	3,802,820	3,802,880	3,825,274
Pretax margin		6.48%	6.90%	5.86%	5.61%	5.95%	6.56%	8.36%	9.27%	8.85%	8.60%	8.63%	5.67%	4.88%	4.64%	4.71%	7.59%	9.21%	9.52%	9.13%	8.64%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $235,194K ÷ $3,628,215K
= 6.48%

The pretax margin of Sally Beauty Holdings Inc has shown fluctuations over the past 8 quarters. In Q2 2022, the pretax margin was the highest at 9.07%, which then decreased in subsequent quarters before reaching its lowest point at 5.48% in Q2 2023. There was a slight increase in the pretax margin in Q4 2023 to 6.76%, followed by a slight decrease to 6.35% in Q1 2024. Overall, the trend indicates some volatility in the pretax margin, with potential factors impacting the company's profitability and efficiency in generating earnings before taxes.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Sally Beauty Holdings Inc

SBH

6.48%