Constellation Brands Inc Class A (STZ)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,184,000 | 1,959,600 | 1,919,300 | 63,300 | 351,100 | 582,600 | 553,900 | 1,705,500 | 269,000 | 258,900 | 1,146,300 | 1,661,000 | 2,509,100 | 2,509,800 | 753,800 | -621,100 | -978,400 | 63,600 | 700,500 | 2,791,500 |
| Revenue (ttm) | US$ in thousands | 18,355,600 | 18,214,200 | 18,152,200 | 17,720,700 | 17,472,300 | 17,577,000 | 17,349,600 | 16,786,900 | 16,080,300 | 15,930,800 | 16,205,800 | 16,024,100 | 15,822,800 | 15,772,700 | 14,758,900 | 14,798,600 | 15,004,300 | 14,898,600 | 14,862,300 | 14,784,200 |
| Pretax margin | 11.90% | 10.76% | 10.57% | 0.36% | 2.01% | 3.31% | 3.19% | 10.16% | 1.67% | 1.63% | 7.07% | 10.37% | 15.86% | 15.91% | 5.11% | -4.20% | -6.52% | 0.43% | 4.71% | 18.88% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,184,000K ÷ $18,355,600K
= 11.90%
The pretax margin of Constellation Brands Inc Class A has shown fluctuations over the past several quarters. In the most recent quarter ending on February 29, 2024, the pretax margin was 11.90%, indicating the company retained 11.90% of its revenue before taxes. This represents an improvement compared to the previous quarter where the pretax margin was 10.76%.
Looking back further, there are notable variations in the pretax margin. For instance, in the quarter ending on May 31, 2020, the company experienced a negative pretax margin of -4.20%, indicating that expenses exceeded revenue before taxes during that period.
It is important to note that a higher pretax margin is generally preferable as it signifies better efficiency in managing costs relative to revenue. However, the fluctuating nature of Constellation Brands Inc Class A's pretax margin over the observed periods suggests potential variability in profitability and cost management practices. Further analysis into the underlying factors driving these fluctuations would be recommended to gain a deeper understanding of the company's financial performance.
Peer comparison
Feb 29, 2024