Worthington Industries Inc (WOR)
Pretax margin
| Nov 30, 2024 | Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 140,366 | 227,889 | 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 |
| Revenue (ttm) | US$ in thousands | 1,146,338 | 1,184,210 | 2,155,762 | 2,185,322 | 3,062,633 | 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 |
| Pretax margin | 12.24% | 19.24% | 17.04% | 17.63% | 12.21% | 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% |
November 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $140,366K ÷ $1,146,338K
= 12.24%
Worthington Industries Inc's pretax margin has exhibited fluctuations over the timeframe provided. The pretax margin measures the company's profitability before taxes, indicating the percentage of revenue that translates into pre-tax profit.
From November 30, 2019, to February 28, 2020, the pretax margin decreased slightly from 4.15% to 3.84%. Subsequently, there was a further decrease to 3.44% by May 31, 2020. However, there was a significant surge in profitability by August 31, 2020, with the pretax margin jumping to 30.64%.
The company maintained high profitability levels through November 30, 2020, and February 28, 2021, with pretax margins of 25.95% and 27.85%, respectively. This trend continued with margins of 28.38% on May 31, 2021.
However, there was a notable decline in profitability with a pretax margin of 8.16% on August 31, 2021. This downward trend continued until May 31, 2022, reaching a low point of 7.32%.
There was a subsequent uptick in pretax margin to 17.63% by November 30, 2023, indicating an improvement in profitability. This positive trend continued into February 29, 2024, with a pretax margin of 17.04%.
By August 31, 2024, Worthington Industries Inc's pretax margin increased to 19.24%, demonstrating improved profitability. However, there was a slight dip in profitability by November 30, 2024, with the pretax margin falling to 12.24%.
Overall, the pretax margin of Worthington Industries Inc has shown variability over the period, with both peaks and troughs in profitability levels. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's financial performance accurately.
Peer comparison
Nov 30, 2024