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GuruFocus has detected 6 Warning Signs with Cowen Group Inc \$COWN.
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Cowen Group Inc (NAS:COWN)
Pre-Tax Income
\$-31.5 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Cowen Group Inc's pretax income for the three months ended in Dec. 2016 was \$-5.0 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was \$-31.5 Mil. Cowen Group Inc's pretax margin was -4.12%.

During the past 13 years, Cowen Group Inc's highest Pretax Margin was 13.52%. The lowest was -41.91%. And the median was -8.30%.

Definition

This is the income that a company earns before paying income taxes.

Cowen Group Inc's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = -75.553 + 24.542 + -35.742 + 19.524 + 35.742 = -31.5

Cowen Group Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = -32.926 + 23.547 + -9.584 + 4.342 + 9.584 = -5.0

Cowen Group Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was -11.315 (Mar. 2016 ) + -39.153 (Jun. 2016 ) + 24.018 (Sep. 2016 ) + -5.037 (Dec. 2016 ) = \$-31.5 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Cowen Group Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

 Pretax Margin = Pretax Income / Revenue = -5.037 / 122.268 = -4.12%

During the past 13 years, Cowen Group Inc's highest Pretax Margin was 13.52%. The lowest was -41.91%. And the median was -8.30%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cowen Group Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pretax Income -17.8 -64.1 -47.2 -53.1 -98.6 -23.5 18.3 57.8 11.5 -31.5

Cowen Group Inc Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Pretax Income 10.7 19.4 26.4 14.0 -11.1 -17.8 -11.3 -39.2 24.0 -5.0
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