Vestis Corporation (VSTS)
Pretax margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 32,030 | 232,012 | 258,688 | 241,990 | 269,730 | -17,516 | 4,805 |
| Revenue (ttm) | US$ in thousands | 2,805,396 | 2,837,440 | 2,848,575 | 2,842,513 | 2,825,286 | 2,792,558 | 2,762,895 |
| Pretax margin | 1.14% | 8.18% | 9.08% | 8.51% | 9.55% | -0.63% | 0.17% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $32,030K ÷ $2,805,396K
= 1.14%
The pretax margin of Vestis Corporation has shown variability over the past seven quarters.
In September 2024, the pretax margin was at a relatively low level of 1.14%, indicating that for every dollar of revenue, the company generated only $0.0114 of pretax profit. This was a significant decrease from the previous quarter, where the pretax margin stood at 8.18%.
Looking back further, in June 2024, the pretax margin was 9.08%, showing a strong performance compared to the subsequent quarters. In comparison, in March 2024, the pretax margin was 8.51%, slightly lower than in June 2024.
The pretax margin experienced a peak in September 2023 at 9.55%, before dropping to a negative figure of -0.63% in June 2023. This negative pretax margin suggests that the company's expenses exceeded its revenues during that quarter. The situation improved in March 2023, with a pretax margin of 0.17%.
Overall, the pretax margin of Vestis Corporation has displayed fluctuations, indicating varying levels of profitability and cost management over the analyzed periods. It would be important for the company to closely monitor its costs and revenue generation to ensure consistent and sustainable profitability in the future.
Peer comparison
Sep 30, 2024