Urban Outfitters Inc (URBN)

Pretax margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	381,607	358,758	301,374	249,433	221,279	231,979	295,031	375,531	404,631	388,337	370,604	275,434	3,513	7,547	-14,226	-1,553	239,720	315,491	337,238	374,277
Revenue (ttm)	US$ in thousands	5,141,360	5,044,760	4,939,370	4,850,560	4,788,820	4,741,910	4,698,940	4,673,270	4,548,755	4,303,975	4,142,162	3,787,708	3,434,248	3,501,798	3,519,660	3,678,723	3,969,181	3,939,611	3,925,675	3,955,800
Pretax margin		7.42%	7.11%	6.10%	5.14%	4.62%	4.89%	6.28%	8.04%	8.90%	9.02%	8.95%	7.27%	0.10%	0.22%	-0.40%	-0.04%	6.04%	8.01%	8.59%	9.46%

January 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $381,607K ÷ $5,141,360K
= 7.42%

The pretax margin of Urban Outfitters Inc has fluctuated over the past few quarters. From January 31, 2019 to July 31, 2022, the pretax margin remained relatively stable, ranging from 4.62% to 8.90%. The highest pretax margin of 9.46% was achieved on April 30, 2019, while the lowest margin of -0.40% was recorded on July 31, 2020.

However, starting from January 31, 2021, there was a significant decline in pretax margin, with negative margins on January 31, 2021, and October 31, 2021. This downward trend was reversed by January 31, 2022, when the pretax margin increased to 8.90%. Subsequently, the margin continued to improve, reaching 7.42% on January 31, 2024.

Overall, the pretax margin trend indicates fluctuation in the company's profitability before taxes, with a noticeable recovery in recent quarters after a period of decline.