Vestis Corporation (VSTS)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 269,730 | 189,959 | 97,359 | 149,514 |
| Revenue | US$ in thousands | 2,825,290 | 2,687,000 | 2,456,580 | 2,562,000 |
| Pretax margin | 9.55% | 7.07% | 3.96% | 5.84% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $269,730K ÷ $2,825,290K
= 9.55%
The pretax margin of Vestis Corporation has been showing a positive trend over the past four years, increasing from 5.84% in 2020 to 9.55% in 2023. This indicates that the company is becoming more efficient in controlling its operating expenses and generating profits before accounting for taxes. The steady improvement in pretax margin reflects management's effectiveness in managing costs and enhancing operational efficiency, which is a positive sign for the company's financial performance. Overall, Vestis Corporation's increasing pretax margin suggests a growing profitability and financial health over the analyzed period.
Peer comparison
Sep 30, 2023