Under Armour Inc C (UA)

Pretax margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	266,011	293,550	314,836	284,904	285,723	365,802	357,780	317,838	392,132	508,418	411,244	155,978	-499,789	-695,949	-599,522	-436,579	162,163	122,153	96,634	-1,911
Revenue (ttm)	US$ in thousands	5,701,870	5,768,270	5,863,720	5,870,930	5,903,030	6,033,630	5,997,670	5,775,320	5,683,460	5,558,030	5,445,520	4,801,630	4,474,670	4,512,120	4,508,560	4,992,650	5,267,130	5,215,890	5,229,410	5,212,540
Pretax margin		4.67%	5.09%	5.37%	4.85%	4.84%	6.06%	5.97%	5.50%	6.90%	9.15%	7.55%	3.25%	-11.17%	-15.42%	-13.30%	-8.74%	3.08%	2.34%	1.85%	-0.04%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $266,011K ÷ $5,701,870K
= 4.67%

The pretax margin of Under Armour Inc C has fluctuated over the past several quarters. In the most recent quarter, as of March 31, 2024, the pretax margin was 4.67%, indicating that for every dollar of revenue generated, the company retained $0.0467 before accounting for income taxes.

Historically, the pretax margin has ranged from a low of -15.42% in December 2020 to a high of 9.15% in September 2021. The trend in the pretax margin shows some variability, with periods of improvement and decline.

Overall, the pretax margin provides insight into the company's efficiency in managing operating expenses relative to its revenue generation. A higher pretax margin suggests better cost control and operational efficiency, while a lower pretax margin may indicate challenges in managing expenses or declining profitability. Monitoring the pretax margin over time can help assess the company's financial performance and profitability levels.