Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Air Lease's Pre-Tax Income for the
three
months ended in Dec. 2023 was $266 Mil. Air Lease's Revenue for the
three
months ended in Dec. 2023 was $717 Mil. Therefore, Air Lease's pretax margin for the quarter that ended in Dec. 2023 was 37.18%.
The historical rank and industry rank for Air Lease's Pretax Margin % or its related term are showing as below:
AL'
s Pretax Margin % Range Over the Past 10 Years
Min: -5.99 Med: 34.31 Max: 40.89
Current: 28.07
AL's Pretax Margin % is ranked better than 92.2% of 1064
companies
in the Business Services industry
Industry Median: 5.75
vs AL: 28.07
Air Lease Pretax Margin % Historical Data
The historical data trend for Air Lease's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Air Lease's Pretax Margin %
For the Rental & Leasing Services subindustry, Air Lease's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Air Lease's Pretax Margin % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Air Lease's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Air Lease's Pretax Margin % falls into.
Air Lease Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Air Lease's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Air Lease (NYSE:AL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Air Lease Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Air Lease's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from the leasing of aircraft and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
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