Under Armour Inc C (UA)
Pretax margin
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 262,074 | 262,074 | 287,765 | 287,765 | 390,877 |
| Revenue | US$ in thousands | 5,701,880 | 5,701,880 | 5,903,640 | 5,903,640 | 5,683,470 |
| Pretax margin | 4.60% | 4.60% | 4.87% | 4.87% | 6.88% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $262,074K ÷ $5,701,880K
= 4.60%
The pretax margin of Under Armour Inc C has fluctuated over the past five years, with a noticeable decrease in 2020 followed by a recovery in subsequent years. In particular, the pretax margin was negative in 2020 (-11.17%), indicating a loss before taxes that year. However, the company was able to improve its profitability in 2021 with a pretax margin of 6.90%. The most recent data for March 31, 2024, shows a slightly lower pretax margin of 4.60%, which suggests that the company may be facing some challenges in maintaining its profitability levels. Overall, the pretax margin trend indicates variability in the company's ability to generate profits before accounting for taxes, highlighting the need for continued monitoring of its financial performance.
Peer comparison
Mar 31, 2024