Worthington Industries Inc (WOR)
Pretax margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 74,007 | 345,368 | 514,286 | 917,717 | 110,786 |
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Pretax margin | 5.94% | 7.02% | 9.81% | 28.94% | 3.62% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $74,007K ÷ $1,245,700K
= 5.94%
The pretax margin of Worthington Industries Inc has shown significant fluctuations over the past five years. As of May 31, 2020, the pretax margin was relatively low at 3.62%. However, there was a substantial improvement in the following year, reaching 28.94% by May 31, 2021.
In the subsequent years, the pretax margin decreased to 9.81% by May 31, 2022, followed by a further drop to 7.02% by May 31, 2023. The downward trend continued as of May 31, 2024, with the pretax margin declining to 5.94%.
Overall, the pretax margin of Worthington Industries Inc has been volatile, with both significant increases and decreases. It is essential for stakeholders to closely monitor this metric to assess the company's profitability and financial health.
Peer comparison
May 31, 2024