Western Digital Corporation (WDC)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -661,000 | -1,560,000 | 2,123,000 | 927,000 | -46,000 |
| Revenue | US$ in thousands | 13,090,000 | 12,013,000 | 18,514,000 | 16,666,000 | 16,330,000 |
| Pretax margin | -5.05% | -12.99% | 11.47% | 5.56% | -0.28% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-661,000K ÷ $13,090,000K
= -5.05%
The pretax margin of Western Digital Corporation has been fluctuating over the past five years. In 2024, the pretax margin stood at -5.05%, indicating a negative profitability before taxes. This represents an improvement compared to the previous year, where the pretax margin was -12.99%.
In 2022, the company achieved a pretax margin of 11.47%, showcasing strong profitability before taxes. This was a significant increase from 2021, where the pretax margin was 5.56%. However, in 2020, the company experienced a slight decline with a pretax margin of -0.28%.
Overall, the trend in the pretax margin of Western Digital Corporation has been mixed, with volatility in profitability levels. It is essential for the company to sustain or improve its pretax margin in order to enhance overall financial performance and shareholder value.
Peer comparison
Jun 30, 2024