Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Popular's Pre-Tax Income for the
three
months ended in Dec. 2023 was $93 Mil. Popular's Revenue for the
three
months ended in Dec. 2023 was $673 Mil. Therefore, Popular's pretax margin for the quarter that ended in Dec. 2023 was 13.83%.
The historical rank and industry rank for Popular's Pretax Margin % or its related term are showing as below:
BPOP'
s Pretax Margin % Range Over the Past 10 Years
Min: -10.09 Med: 26.48 Max: 50.19
Current: 23.61
BPOP's Pretax Margin % is ranked worse than 71.44% of 1460
companies
in the Banks industry
Industry Median: 32.765
vs BPOP: 23.61
Popular Pretax Margin % Historical Data
The historical data trend for Popular'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 Popular's Pretax Margin %
For the Banks - Regional subindustry, Popular'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.
Popular's Pretax Margin % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Popular's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Popular's Pretax Margin % falls into.
Popular 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.
Popular'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.
Popular (NAS:BPOP) 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.
Popular Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Popular's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, the largest bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. Popular recently restructured PFH and moved much of its activities into BPNA.
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