Cactus Inc (WHD)
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 | 224,262 | 216,707 | 189,698 | 162,106 | 163,130 | 141,604 | 124,796 | 97,237 | 73,076 | 57,268 | 40,494 | 30,843 | 26,436 | 45,416 | 68,114 | 93,418 | 118,278 | 117,632 | 111,475 | 106,802 |
| Revenue (ttm) | US$ in thousands | 1,136,594 | 1,090,876 | 1,013,935 | 910,546 | 774,942 | 692,436 | 630,002 | 560,884 | 499,562 | 438,080 | 377,939 | 322,365 | 280,020 | 349,742 | 420,714 | 521,621 | 623,460 | 625,996 | 625,582 | 615,274 |
| Pretax margin | 19.73% | 19.87% | 18.71% | 17.80% | 21.05% | 20.45% | 19.81% | 17.34% | 14.63% | 13.07% | 10.71% | 9.57% | 9.44% | 12.99% | 16.19% | 17.91% | 18.97% | 18.79% | 17.82% | 17.36% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $224,262K ÷ $1,136,594K
= 19.73%
The pretax margin of Cactus Inc has shown a fluctuating trend over the past several quarters. The pretax margin increased from 17.36% in Jun 30, 2019, to a peak of 21.05% in Mar 31, 2023, before gradually declining to 19.73% in Mar 31, 2024. This indicates that the company's ability to generate profits before accounting for taxes has been relatively strong, albeit with some variability.
Overall, Cactus Inc has demonstrated a generally healthy pretax margin, with figures consistently above 10% in recent quarters. This suggests that the company has been effectively managing its costs and expenses in relation to its revenue generation. However, the fluctuations in the pretax margin highlight the importance of closely monitoring and managing operational efficiency and profitability to ensure sustained financial performance.
Peer comparison
Mar 31, 2024