Bio-Techne Corp (TECH)
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 | 185,689 | 338,480 | 310,338 | 149,000 | 276,477 |
| Revenue | US$ in thousands | 1,159,360 | 1,137,170 | 1,094,290 | 917,080 | 1,458,180 |
| Pretax margin | 16.02% | 29.77% | 28.36% | 16.25% | 18.96% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $185,689K ÷ $1,159,360K
= 16.02%
The pretax margin of Bio-Techne Corp has exhibited fluctuations over the past five years. In June 2023, the pretax margin was at its highest point at 29.77%, indicating the company was able to generate significant earnings before taxes relative to its total revenue. However, there was a notable decrease in the pretax margin in June 2024 to 16.02%, reflecting a lower level of profitability.
Comparing the pretax margin between 2023 and 2024, there was a substantial decline, suggesting potential challenges in maintaining or growing profitability during that period. Further analysis would be required to understand the specific factors driving these fluctuations in the pretax margin and to assess the overall financial health and performance of Bio-Techne Corp.
Peer comparison
Jun 30, 2024