Standex International Corporation (SXI)

Pretax margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 68,811 68,310 70,995 93,478 95,123 96,741 162,830 164,659 163,949 154,103 90,640 84,289 81,289 84,369 65,504 60,742 52,700 41,197 52,543 52,664
Revenue (ttm) US$ in thousands 790,107 748,252 717,739 706,325 720,635 728,768 735,833 745,222 741,048 737,460 742,409 740,329 735,339 727,035 709,970 680,544 656,220 619,171 602,429 636,731
Pretax margin 8.71% 9.13% 9.89% 13.23% 13.20% 13.27% 22.13% 22.10% 22.12% 20.90% 12.21% 11.39% 11.05% 11.60% 9.23% 8.93% 8.03% 6.65% 8.72% 8.27%

June 30, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $68,811K ÷ $790,107K
= 8.71%

The pretax margin of Standex International Corporation has exhibited notable fluctuations over the analyzed periods. Starting from a value of 8.27% on September 30, 2020, the margin increased slightly to 8.72% by December 31, 2020, followed by a decline to 6.65% on March 31, 2021. The margin recovered to 8.03% by June 30, 2021, and subsequently increased to 8.93% on September 30, 2021. Throughout 2021, the pretax margin demonstrated a gradual upward trend, reaching 9.23% at year-end, and continuing to improve in early 2022, peaking notably at 11.60% on March 31, 2022. This upward trajectory persisted with margins of 11.05% and 11.39% in June and September 2022, respectively, culminating in a significant increase to 12.21% on December 31, 2022.

In 2023, the pretax margin experienced a substantial rise, reaching 20.90% on March 31, and further ascending to 22.12% in June, with a slight decrease to 22.10% on September 30. The margin remained relatively stable through the year-end period, at 22.13% on December 31, 2023. Moving into subsequent periods, a sharp decline occurred, with the margin dropping to 13.27% on March 31, 2024, then marginally decreasing to 13.20% in June and remaining near this level at 13.23% on September 30, 2024. The decline continued into early 2025, with the margin falling to 9.89% on December 31, 2024, and further down to 9.13% and 8.71% on March 31 and June 30, 2025, respectively.

Overall, the pretax margin has demonstrated periods of growth, particularly noticeable in 2022 and the early part of 2023, followed by a pronounced downward trend beginning in late 2023 into early 2025. The variability suggests periods of improved profitability interspersed with phases of contraction, potentially reflecting changes in operating efficiency, cost structures, market conditions, or strategic shifts affecting profitability margins.


Peer comparison

Jun 30, 2025

Company name
Symbol
Pretax margin
Standex International Corporation
SXI
8.71%
Hayward Holdings Inc
HAYW
13.71%
Middleby Corp
MIDD
14.90%
Tennant Company
TNC
8.14%