CTGDF (China Tourism Group Duty Free) Pre-Tax Income: $797 Mil (TTM As of Mar. 2026)

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CTGDF China Tourism Group Duty Free Corp Ltd CTGDF
81 GF Score
Price $6.25
! 5 Warning Signs
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What is China Tourism Group Duty Free Pre-Tax Income?

China Tourism Group Duty Free CTGDF 81 Pre-Tax Income is $797 Mil as of Mar. 2026. GuruFocus rates CTGDF with a GF Score™ of 81/100. The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. China Tourism Group Duty Free's pretax income for the three months ended in Mar. 2026 was $406 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was $797 Mil. China Tourism Group Duty Free's pretax margin was 16.54%.

During the past 13 years, China Tourism Group Duty Free's highest Pretax Margin was 21.87%. The lowest was 9.88%. And the median was 13.18%.


China Tourism Group Duty Free  (OTCPK:CTGDF) Pre-Tax Income Explanation

China Tourism Group Duty Free's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=405.616/2452.957
=16.54%

During the past 13 years, China Tourism Group Duty Free's highest Pretax Margin was 21.87%. The lowest was 9.88%. And the median was 13.18%.

* 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.


China Tourism Group Duty Free Pre-Tax Income Related Terms


China Tourism Group Duty Free Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free'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.

China Tourism Group Duty Free Pre-Tax Income Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,323.87 1,092.55 1,210.82 844.44 753.56

China Tourism Group Duty Free Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 347.41 159.46 105.92 126.29 405.62

CTGDF vs CASY, WSM, ULTA: Pre-Tax Income Comparison

For the Specialty Retail subindustry, China Tourism Group Duty Free'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.


China Tourism Group Duty Free Pre-Tax Income vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's Pre-Tax Income falls into.


CTGDF
81GF Score
China Tourism Group Duty Free Corp Ltd CTGDF
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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China Tourism Group Duty Free Pre-Tax Income Calculation

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

China Tourism Group Duty Free's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=770.724+0+-25.332+126.525+-118.358
=754

China Tourism Group Duty Free's Pretax Income for the quarter that ended in Mar. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=391.929+0+-7.515+27.523+-6.321
=406

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $797 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $797 Mil mean?
China Tourism Group Duty Free (CTGDF) has a Pre-Tax Income of $797 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on China Tourism Group Duty Free and its competitors.
Is China Tourism Group Duty Free's Pre-Tax Income too high?
China Tourism Group Duty Free's current Pre-Tax Income is $797 Mil. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Pre-Tax Income compare to CASY and WSM?
China Tourism Group Duty Free's Pre-Tax Income of $797 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Pre-Tax Income depends on the Retail - Cyclical 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 China Tourism Group Duty Free and its competitors. China Tourism Group Duty Free's current Pre-Tax Income is $797 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Pre-Tax Income of $797 Mil. The current Pre-Tax Income is $797 Mil. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 5 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 China Tourism Group Duty Free (CTGDF), the current Pre-Tax Income is $797 Mil as of Mar. 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.

China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong601888:China
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score

Get the complete analysis for CTGDF

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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