Advanced Drainage Systems Inc (WMS)
Pretax margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 589,465 | 666,753 | 657,100 | 383,511 | 312,271 |
| Revenue | US$ in thousands | 2,904,240 | 2,874,470 | 3,071,120 | 2,769,320 | 1,982,780 |
| Pretax margin | 20.30% | 23.20% | 21.40% | 13.85% | 15.75% |
March 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $589,465K ÷ $2,904,240K
= 20.30%
The pre-tax margin of Advanced Drainage Systems Inc has shown some fluctuations over the past five years. In March 2021, the pre-tax margin was at 15.75%, and it decreased to 13.85% by March 2022. However, there was a significant improvement in the pre-tax margin in the subsequent years, reaching 21.40% by March 2023, and further increasing to 23.20% by March 2024. The latest data point in March 2025 indicates a slight decrease to 20.30%.
Overall, the trend in the pre-tax margin demonstrates variability, with fluctuations that may be influenced by factors such as changes in revenue, operating expenses, cost management strategies, and economic conditions. It is essential for stakeholders to monitor these fluctuations and understand the underlying reasons to assess the company's profitability and financial performance effectively.