Woodward Inc (WWD)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 453,971 | 275,768 | 199,898 | 245,799 | 281,881 |
| Revenue | US$ in thousands | 3,334,880 | 2,865,510 | 2,353,550 | 2,214,170 | 2,467,570 |
| Pretax margin | 13.61% | 9.62% | 8.49% | 11.10% | 11.42% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $453,971K ÷ $3,334,880K
= 13.61%
The pretax margin for Woodward Inc has exhibited fluctuations over the past five years. In Sep 2020, the pretax margin was 11.42%, but it decreased slightly to 11.10% in Sep 2021. However, there was a noticeable improvement in Sep 2022 when the pretax margin increased to 8.49%. Subsequently, in Sep 2023, there was a further increase to 9.62%. The most significant improvement was observed in Sep 2024, with the pretax margin reaching 13.61%.
Overall, the trend indicates some volatility in Woodward Inc's pretax margin over the years, with a notable improvement in profitability in Sep 2024 compared to the previous years. This increase in pretax margin in the latest period could be a result of various factors such as cost management, pricing strategies, or operational efficiencies. However, further analysis and examination of the company's financial performance and operating activities would be necessary to fully understand the drivers behind these fluctuations.