Vista Outdoor Inc (VSTO)
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 | 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -14,484 | -373,594 | -100,032 | -40,026 | 50,662 | 508,379 | 582,259 | 649,095 | 620,958 | 656,887 | 586,464 | 471,195 | 374,842 | 264,405 | 192,872 | 112,324 | 54,821 | 84,169 | -459,152 | -489,081 |
| Revenue (ttm) | US$ in thousands | 2,750,022 | 2,726,732 | 2,795,423 | 2,902,920 | 3,020,596 | 3,101,405 | 3,153,565 | 3,158,303 | 3,018,778 | 2,814,090 | 2,595,078 | 2,392,181 | 2,207,600 | 2,037,387 | 1,881,229 | 1,741,466 | 1,717,908 | 1,806,933 | 1,845,732 | 1,945,474 |
| Pretax margin | -0.53% | -13.70% | -3.58% | -1.38% | 1.68% | 16.39% | 18.46% | 20.55% | 20.57% | 23.34% | 22.60% | 19.70% | 16.98% | 12.98% | 10.25% | 6.45% | 3.19% | 4.66% | -24.88% | -25.14% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-14,484K ÷ $2,750,022K
= -0.53%
The pretax margin of Vista Outdoor Inc has shown fluctuations over the periods analyzed. The pretax margin is a measure of the company's profitability before accounting for taxes. From Dec 31, 2019, to Dec 31, 2020, the company experienced negative pretax margins, indicating a loss before taxes. However, there has been a recovery since then, with pretax margins improving gradually. This improvement peaked in the second half of 2022, with pretax margins reaching levels above 20%.
Subsequently, there was a decline in pretax margin, reaching negative levels in Dec 2023. This trend continued in the first quarter of 2024, with a further decrease in the pretax margin. Overall, while the company has shown improved profitability from the significant losses seen in 2019 and 2020, there have been recent challenges reflected in the declining pretax margins in 2023 and 2024. Further analysis of the company's cost structures and revenue streams may provide insights into the factors influencing these fluctuations in pretax margin.
Peer comparison
Mar 31, 2024