Vestis Corporation (VSTS)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 32,030 | 269,730 | 189,959 | 97,359 | 149,514 |
| Revenue | US$ in thousands | 2,800,900 | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Pretax margin | 1.14% | 9.55% | 7.07% | 3.96% | 5.84% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $32,030K ÷ $2,800,900K
= 1.14%
The pretax margin of Vestis Corporation has fluctuated over the past five years, ranging from 1.14% in 2024 to 9.55% in 2023.
In 2024, Vestis Corporation's pretax margin declined significantly to 1.14%, indicating a decrease in profitability before accounting for taxes compared to the previous year. This may suggest challenges in managing costs or generating sufficient revenue to cover expenses.
The highest pretax margin was achieved in 2023 at 9.55%, showcasing strong profitability in that year. This increase may have been driven by effective cost management, revenue growth, or a combination of both factors.
Similarly, in 2022, the pretax margin was 7.07%, demonstrating a level of profitability that was slightly lower than the previous year but still relatively strong.
In 2021 and 2020, the pretax margins were 3.96% and 5.84%, respectively, indicating a moderate level of profitability during those years.
Overall, fluctuations in Vestis Corporation's pretax margin suggest varying levels of financial performance over the past five years, which could be influenced by factors such as operational efficiency, revenue generation, cost control, and economic conditions. Further analysis of the company's financial statements and business operations may provide additional insights into the drivers behind these fluctuations.
Peer comparison
Sep 30, 2024