Scotts Miracle-Gro Company (SMG)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -23,600 | -453,300 | -558,100 | 672,300 | 511,100 |
| Revenue | US$ in thousands | 3,553,100 | 3,371,900 | 3,804,700 | 4,835,700 | 4,051,100 |
| Pretax margin | -0.66% | -13.44% | -14.67% | 13.90% | 12.62% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-23,600K ÷ $3,553,100K
= -0.66%
The pretax margin of Scotts Miracle-Gro Company has shown fluctuating trends over the past five years. In the most recent fiscal year ending September 30, 2024, the company reported a pretax margin of -0.66%, a noticeable improvement compared to the previous year's -13.44%. This indicates a partial recovery from a period of significant losses in the prior year.
Looking further back, the pretax margins for the company were negative in both the fiscal years ending September 30, 2022 and September 30, 2023, at -14.67% and -13.44% respectively. This suggests that the company faced challenges in generating profits before accounting for taxes during those periods.
In contrast, the pretax margins for the fiscal years ending September 30, 2020 and September 30, 2021 were positive at 12.62% and 13.90% respectively, indicating strong profitability during those years.
Overall, the pretax margin performance of Scotts Miracle-Gro Company has been mixed over the past five years, with fluctuations between negative and positive margins. The recent improvement in the pretax margin in 2024 indicates some progress in the company's financial performance, but continued monitoring of profitability trends will be essential for a comprehensive assessment of its financial health.
Peer comparison
Sep 30, 2024