Taylor Morn Home (TMHC)

Pretax margin

		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	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,152,857	1,071,774	968,080	1,016,773	1,017,026	1,160,808	1,332,354	1,406,328	1,389,228	1,353,369	1,174,404	947,590	843,767	628,014	555,318	475,998	318,029	254,891	196,752	223,438
Revenue (ttm)	US$ in thousands	8,168,130	7,831,500	7,386,200	7,455,710	7,417,820	7,890,090	8,249,190	8,183,650	8,224,910	8,238,200	8,062,310	7,786,570	7,501,260	6,553,340	6,394,020	6,201,420	6,129,310	6,038,250	5,443,920	5,182,670
Pretax margin		14.11%	13.69%	13.11%	13.64%	13.71%	14.71%	16.15%	17.18%	16.89%	16.43%	14.57%	12.17%	11.25%	9.58%	8.68%	7.68%	5.19%	4.22%	3.61%	4.31%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,152,857K ÷ $8,168,130K
= 14.11%

The pretax margin of Taylor Morn Home has shown a consistent upward trend over the past few years. Starting at 4.31% in March 2020, the pretax margin increased steadily to reach 14.11% by December 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes from its operations.

The pretax margin peaked at 17.18% in March 2023, reflecting an efficient cost management and revenue generation strategy during that period. Despite a slight dip in the following quarters, the company managed to maintain a double-digit pretax margin above 13% consistently in the most recent periods until December 2024.

Overall, the increasing trend in pretax margin demonstrates Taylor Morn Home's ability to control costs effectively relative to its revenue generation, reflecting positively on its operational efficiency and profitability over the analyzed period.