Standex International Corporation (SXI)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 68,810 | 95,123 | 163,949 | 81,289 | 52,700 |
| Revenue | US$ in thousands | 790,107 | 720,635 | 741,048 | 735,339 | 656,232 |
| Pretax margin | 8.71% | 13.20% | 22.12% | 11.05% | 8.03% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $68,810K ÷ $790,107K
= 8.71%
The pretax margin of Standex International Corporation has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. At the end of fiscal year 2021, the pretax margin stood at 8.03%, indicating a relatively modest level of profitability relative to earnings before taxes. In the following year, 2022, the margin increased substantially to 11.05%, reflecting improved operational efficiency or higher earnings relative to pre-tax income.
The most significant change occurred by June 30, 2023, when the pretax margin surged to 22.12%. This sharp increase suggests a period of strong operating performance, possibly driven by favorable market conditions, cost management, or one-time gains that positively impacted pretax earnings. However, in the subsequent year, 2024, the pretax margin declined to 13.20%, indicating a significant compression in profitability margins. This decrease could be attributed to increased expenses, competitive pressures, or other factors reducing pre-tax profitability.
Looking further into the fiscal year ending June 30, 2025, the pretax margin settled at 8.71%, which is close to the initial margin observed in 2021. This return toward the lower end of the previous range suggests potential normalization of earnings or challenges impacting profit margins.
Overall, the trend demonstrates considerable volatility in pretax profitability within a four-year span, with a peak in 2023 followed by a notable decline, returning close to the levels observed at the start of the period. These fluctuations highlight periods of operational strength and headwinds, the factors of which would benefit from further qualitative analysis.
Peer comparison
Jun 30, 2025