ScanSource Inc (SCSC)
Pretax margin
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 94,396 | 89,594 | 83,320 | 103,656 | 99,841 | 100,607 | 112,568 | 108,714 | 121,850 | 124,602 | 127,259 | 121,476 | 118,624 | 115,456 | 101,793 | 87,128 | 57,535 | -78,461 | -93,716 | -93,740 |
| Revenue (ttm) | US$ in thousands | 3,040,810 | 2,974,037 | 3,021,789 | 3,159,084 | 3,259,809 | 3,460,844 | 3,593,764 | 3,720,212 | 3,787,720 | 3,802,855 | 3,763,326 | 3,616,437 | 3,529,935 | 3,420,346 | 3,304,229 | 3,250,775 | 3,150,806 | 2,934,562 | 3,077,172 | 3,255,778 |
| Pretax margin | 3.10% | 3.01% | 2.76% | 3.28% | 3.06% | 2.91% | 3.13% | 2.92% | 3.22% | 3.28% | 3.38% | 3.36% | 3.36% | 3.38% | 3.08% | 2.68% | 1.83% | -2.67% | -3.05% | -2.88% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $94,396K ÷ $3,040,810K
= 3.10%
The pretax margin of ScanSource Inc. exhibits notable fluctuations across the reporting periods. Starting from a negative value of -2.88% on September 30, 2020, the margin experienced a slight deterioration to -3.05% by December 31, 2020, indicating losses before taxes during that period. Throughout the first half of 2021, the pretax margin showed signs of improvement, moving to -2.67% by March 31, 2021, and then transitioning into positive territory with a margin of 1.83% on June 30, 2021. This upward trend continued into the latter part of 2021 and into 2022, as the pretax margin increased to 2.68% at September 30, 2021, and further to approximately 3.38% by March 31, 2022, remaining relatively stable through June and September of 2022.
From late 2022 onwards, the pretax margin remained relatively steady, fluctuating within a narrow range around 3.36% to 3.38%, reflecting consistent pre-tax profitability during this period. However, towards the end of the forecast horizon, a slight decline is observed, with the margin decreasing to approximately 2.92% on September 30, 2023, before showing a modest recovery to around 3.13% on December 31, 2023. The continuation of this slight variability is evident in the subsequent periods, with values of approximately 2.91% on March 31, 2024, and 3.06% on June 30, 2024. The trend then indicates some fluctuation within the 2.76% to 3.10% range through the end of the forecast period, with the last reported figure being 3.10% on June 30, 2025.
Overall, the company's pretax margin transitioned from negative levels early in the period to a stable positive margin in subsequent years, maintaining profitability on a pre-tax basis with marginal fluctuations in the recent periods.
Peer comparison
Jun 30, 2025