Scotts Miracle-Gro Company (SMG)
Pretax margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -23,600 | -272,000 | -403,000 | -473,000 | -453,100 | -164,100 | -792,800 | -587,600 | -558,000 | -348,700 | 527,000 | 575,100 | 672,100 | 740,000 | 705,600 | 638,700 | 511,200 | 429,900 | 426,400 | 613,200 |
| Revenue (ttm) | US$ in thousands | 3,466,200 | 3,384,300 | 3,253,700 | 3,255,600 | 3,371,900 | 3,496,100 | 3,579,600 | 3,746,500 | 3,804,800 | 4,053,200 | 4,485,900 | 4,645,300 | 4,835,600 | 5,020,100 | 4,904,700 | 4,455,300 | 4,068,600 | 3,676,000 | 3,348,000 | 3,148,900 |
| Pretax margin | -0.68% | -8.04% | -12.39% | -14.53% | -13.44% | -4.69% | -22.15% | -15.68% | -14.67% | -8.60% | 11.75% | 12.38% | 13.90% | 14.74% | 14.39% | 14.34% | 12.56% | 11.69% | 12.74% | 19.47% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-23,600K ÷ $3,466,200K
= -0.68%
The pretax margin of Scotts Miracle-Gro Company has fluctuated over the past eight quarters. The company experienced negative pretax margins in the last four quarters, ranging from -0.68% to -14.53%. This indicates that the company's operating expenses and other costs have been relatively high compared to its pre-tax income during this period.
In contrast, the pretax margin was positive in the preceding four quarters, with figures ranging from 11.75% to 19.47%. This suggests that during those periods, the company was more effective at controlling its expenses and generating pre-tax income compared to the recent quarters when the margins were negative.
Overall, the trend in pretax margin for Scotts Miracle-Gro Company indicates a degree of volatility in its profitability performance, potentially influenced by various factors such as operating costs, sales revenue, and economic conditions. Further analysis would be necessary to understand the underlying causes of these fluctuations and assess the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024