Walmart Inc (WMT)
Pretax margin
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 21,089,000 | 23,123,000 | 20,936,000 | 17,017,000 | 17,404,000 | 12,747,000 | 18,329,000 | 17,518,000 | 18,429,000 | 13,042,000 | 15,971,000 | 18,819,000 | 20,368,000 | 26,564,000 | 23,855,000 | 20,015,000 | 19,796,000 | 19,814,000 | 17,943,000 | 13,364,000 |
| Revenue (ttm) | US$ in thousands | 648,125,000 | 638,785,000 | 630,794,000 | 622,021,000 | 611,289,000 | 600,112,000 | 587,824,000 | 576,013,000 | 572,754,000 | 571,962,000 | 566,145,000 | 562,839,000 | 559,151,000 | 548,743,000 | 542,026,000 | 534,661,000 | 523,964,000 | 521,086,000 | 517,989,000 | 515,640,000 |
| Pretax margin | 3.25% | 3.62% | 3.32% | 2.74% | 2.85% | 2.12% | 3.12% | 3.04% | 3.22% | 2.28% | 2.82% | 3.34% | 3.64% | 4.84% | 4.40% | 3.74% | 3.78% | 3.80% | 3.46% | 2.59% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $21,089,000K ÷ $648,125,000K
= 3.25%
The pretax margin of Walmart Inc has shown volatility over the past several quarters. In the most recent period, as of January 31, 2024, the pretax margin stood at 3.25%, which represents the percentage of each dollar of revenue that the company retains as pretax profit. This figure has decreased from the previous quarter (October 31, 2023) when it was 3.62%.
Looking further back, there is a fluctuating trend in the pretax margin of Walmart Inc. For instance, in the quarter ending April 30, 2021, the pretax margin was relatively high at 4.84%, indicating strong profitability before experiencing a downtrend in subsequent quarters.
It is essential for investors and analysts to monitor the pretax margin closely as it reflects the company's ability to control costs and generate profits before accounting for taxes. A higher pretax margin is generally preferred as it indicates better operational efficiency and potentially higher earnings for shareholders. However, factors such as competition, economic conditions, and company-specific strategies can influence the pretax margin and its fluctuations over time.
Peer comparison
Jan 31, 2024