STERIS plc (STE)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 527,769 | 158,565 | 315,521 | 518,063 | 498,554 |
| Revenue | US$ in thousands | 5,138,700 | 4,536,270 | 4,585,060 | 3,107,520 | 3,030,900 |
| Pretax margin | 10.27% | 3.50% | 6.88% | 16.67% | 16.45% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $527,769K ÷ $5,138,700K
= 10.27%
The pretax margin of STERIS plc has displayed fluctuations over the past five years, ranging from 3.50% in March 2023 to 16.67% in March 2021. In the most recent period ending March 31, 2024, the pretax margin stood at 10.27%. This indicates the company's ability to generate profits before accounting for taxes relative to its total revenue. The declining trend from the peak in March 2021 suggests potential challenges in maintaining profitability levels. Further analysis of the company's cost structure, revenue streams, and operational efficiency may be necessary to understand the factors driving these fluctuations in the pretax margin.
Peer comparison
Mar 31, 2024