Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Pretax income is the income that a company earns before paying income taxes. The a2 Milk Co's pretax income for the
six
months ended in Jun. 2026 was $77 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $172 Mil.
The a2 Milk Co's pretax margin was 13.68%.
During the past 13 years, The a2 Milk Co's highest Pretax Margin was 31.98%. The lowest was 9.90%. And the median was 15.14%.
During the past 13 years, The a2 Milk Co's highest Pretax Margin was 31.98%. The lowest was 9.90%. And the median was 15.14%.
* 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.
The a2 Milk Co Pre-Tax Income Related Terms
The a2 Milk Co Pre-Tax Income Historical Data
* Premium members only.
The historical data trend for The a2 Milk Co's Pre-Tax Income 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.
For the Packaged Foods subindustry, The a2 Milk Co's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.
The a2 Milk Co Pre-Tax Income vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's Pre-Tax Income falls into.
Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $172 Mil.
* 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.
The a2 Milk Co (ACOPF) has a Pre-Tax Income of $172 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on The a2 Milk Co and its competitors.
Is The a2 Milk Co's Pre-Tax Income too high?
The a2 Milk Co's current Pre-Tax Income is $172 Mil. Overall, The a2 Milk Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's Pre-Tax Income compare to KHC and GIS?
The a2 Milk Co's Pre-Tax Income of $172 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Consumer Packaged Goods company?
A good Pre-Tax Income depends on the Consumer Packaged Goods industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on The a2 Milk Co and its competitors. The a2 Milk Co's current Pre-Tax Income is $172 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (ACOPF) is currently considered Fairly Valued. The stock's GF Value™ is $4.54, compared to a current price of $4.81 — trading 5.9% above its estimated fair value. The current Pre-Tax Income is $172 Mil. The a2 Milk Co's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For The a2 Milk Co (ACOPF), the current Pre-Tax Income is $172 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The a2 Milk Co (ACOPF) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued.
The current stock price of $4.81 is trading 5.9% above its estimated GF Value™ of $4.54.
GuruFocus considers The a2 Milk Co to be Fairly Valued.
Key valuation signals for ACOPF:
Pre-Tax Income: $172 Mil
GF Value™: $4.54 vs. price of $4.81 (5.9% above fair value)
No single metric tells the full story. See the ACOPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
90GF Score
Get the complete analysis for ACOPF
Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ACOPF has been successfully added to your 
