Under Armour Inc A (UAA)

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 A has fluctuated over the past several reporting periods. In the most recent period ending March 31, 2024, the pretax margin stood at 4.67%, representing a slight decrease from the prior quarter. Despite the variability observed, the pretax margin generally remained positive, indicating that the company is generating profits before accounting for taxes.

The pretax margin reached its peak in the quarter ending September 30, 2021, at 9.15%. This period was marked by strong profitability, suggesting efficient cost management and revenue generation. In contrast, the lowest pretax margin was recorded in the quarter ending September 30, 2020, at -15.42%, indicating that the company incurred significant losses before tax during that period.

Overall, the trend in the pretax margin of Under Armour Inc A shows some volatility, with fluctuations between periods of higher and lower profitability. Analyzing the pretax margin alongside other financial metrics can provide a more comprehensive understanding of the company's financial performance and efficiency in generating earnings.