Worthington Industries Inc (WOR)
Pretax margin
| May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 332,726 | 494,408 | 900,062 | 105,138 | 196,638 |
| Revenue | US$ in thousands | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 | 3,759,560 |
| Pretax margin | 6.77% | 9.43% | 28.38% | 3.44% | 5.23% |
May 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $332,726K ÷ $4,916,390K
= 6.77%
The pretax margin for Worthington Enterprises Inc. has fluctuated over the past five years. In 2023, the company's pretax margin stood at 7.02%, a decrease from the prior year's figure of 9.81%. This decline may indicate a potential decrease in the company's efficiency in generating profits before accounting for taxes and other expenses. Additionally, the pretax margin in 2023 is significantly lower compared to the exceptionally high margin of 28.94% in 2021, suggesting a notable decrease in profitability. Further analysis and consideration of the company's operational and financial factors are necessary to understand the reasons behind this decline and to formulate appropriate strategies for improvement.
Peer comparison
May 31, 2023