Sysco Corporation (SYY)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,565,000 | 2,285,360 | 1,746,770 | 584,728 | 293,384 |
| Revenue | US$ in thousands | 78,844,000 | 76,324,700 | 68,636,100 | 51,297,800 | 52,893,300 |
| Pretax margin | 3.25% | 2.99% | 2.54% | 1.14% | 0.55% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,565,000K ÷ $78,844,000K
= 3.25%
Sysco Corporation's pretax margin has shown a positive trend over the past five years, indicating an improvement in the company's profitability before taking into account taxes. The pretax margin has steadily increased from 0.55% in 2020 to 3.25% in 2024. This signifies that Sysco has been able to control its operating expenses and generate higher earnings relative to its total revenue over the years. The rising pretax margin reflects the company's ability to efficiently manage costs, improve operational efficiency, and enhance overall profitability. Overall, the increasing trend in Sysco's pretax margin is a positive indicator of the company's financial performance and operational effectiveness.
Peer comparison
Jun 30, 2024