Worthington Industries Inc (WOR)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 367,271 | 385,180 | 374,029 | 332,726 | 267,524 | 284,169 | 405,347 | 494,408 | 530,197 | 527,266 | 292,250 | 900,062 | 781,069 | 729,114 | 890,552 | 105,138 | 130,016 | 145,065 | 122,237 | 196,638 |
| Revenue (ttm) | US$ in thousands | 3,825,795 | 3,855,355 | 3,943,975 | 4,159,375 | 4,450,815 | 5,482,740 | 5,540,060 | 5,242,220 | 4,700,239 | 4,081,108 | 3,579,340 | 3,171,429 | 2,804,737 | 2,809,624 | 2,906,169 | 3,059,119 | 3,386,334 | 3,496,719 | 3,627,308 | 3,759,556 |
| Pretax margin | 9.60% | 9.99% | 9.48% | 8.00% | 6.01% | 5.18% | 7.32% | 9.43% | 11.28% | 12.92% | 8.16% | 28.38% | 27.85% | 25.95% | 30.64% | 3.44% | 3.84% | 4.15% | 3.37% | 5.23% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $367,271K ÷ $3,825,795K
= 9.60%
The pretax margin of Worthington Industries Inc has exhibited fluctuations over the past few quarters. From February 2019 to February 2021, the pretax margin ranged from 3.37% to 30.64%, showing significant variability in profitability before taxes.
In more recent periods, the pretax margin has stabilized within a narrower range between 5.18% and 9.99%. Notably, the pretax margin peaked at 30.64% in May 2021, reflecting a period of robust profitability for the company. However, there was a sharp decline in the pretax margin to 3.44% in August 2021, marking a significant decrease in profitability.
The most recent data point, at 9.60% in February 2024, indicates a moderate improvement in profitability compared to the previous quarter. Overall, the trend in the pretax margin suggests fluctuations in profitability for Worthington Industries Inc, with the company experiencing both periods of strong profitability and challenges in maintaining consistent margins.
Peer comparison
Feb 29, 2024