Triumph Group Inc (TGI)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 519,507 | 95,681 | -37,835 | -448,029 | -23,635 |
| Revenue | US$ in thousands | 1,192,040 | 1,130,560 | 1,459,940 | 1,869,720 | 2,900,120 |
| Pretax margin | 43.58% | 8.46% | -2.59% | -23.96% | -0.81% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $519,507K ÷ $1,192,040K
= 43.58%
The pretax margin of Triumph Group Inc has displayed significant fluctuations over the past five years. In March 2024, the pretax margin reached 43.58%, a substantial increase from the previous year's 8.46%. This improvement suggests that the company was able to efficiently manage its operating expenses relative to its revenue, resulting in a higher profitability before accounting for taxes.
Looking back to March 2022, Triumph Group Inc experienced a negative pretax margin of -2.59%, indicating that the company's operating expenses outweighed its revenue during that period. The pretax margin further deteriorated in March 2021 to -23.96%, reflecting significant challenges in profitability and operational efficiency.
In contrast, March 2020 saw a slight improvement in the pretax margin to -0.81%, although it remained negative overall. These fluctuations suggest that Triumph Group Inc has been actively addressing its cost structure and revenue generation strategies to enhance its profitability over the years.
Overall, the trend in pretax margin for Triumph Group Inc highlights the company's responsiveness to operational challenges and ability to adapt its cost management practices to achieve improved profitability levels.
Peer comparison
Mar 31, 2024