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Cresco Labs (FRA:6CQ) Pretax Margin % : 6.30% (As of Sep. 2024)


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What is Cresco Labs Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Cresco Labs's Pre-Tax Income for the three months ended in Sep. 2024 was €10.2 Mil. Cresco Labs's Revenue for the three months ended in Sep. 2024 was €162.0 Mil. Therefore, Cresco Labs's pretax margin for the quarter that ended in Sep. 2024 was 6.30%.

The historical rank and industry rank for Cresco Labs's Pretax Margin % or its related term are showing as below:

FRA:6CQ' s Pretax Margin % Range Over the Past 10 Years
Min: -39.55   Med: -19.06   Max: -0.2
Current: -0.2


FRA:6CQ's Pretax Margin % is ranked worse than
62.21% of 995 companies
in the Drug Manufacturers industry
Industry Median: 5.23 vs FRA:6CQ: -0.20

Cresco Labs Pretax Margin % Historical Data

The historical data trend for Cresco Labs'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.

* Premium members only.

Cresco Labs Pretax Margin % Chart

Cresco Labs Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -39.55 -13.47 -31.24 -15.06 -19.06

Cresco Labs Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pretax Margin % 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 -62.55 6.81 8.65 -22.21 6.30

Competitive Comparison of Cresco Labs's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Cresco Labs'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.


Cresco Labs's Pretax Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cresco Labs's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Cresco Labs's Pretax Margin % falls into.



Cresco Labs 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.

Cresco Labs's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-134.709/706.902
=-19.06 %

Cresco Labs's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=10.201/161.984
=6.30 %

* 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.


Cresco Labs  (FRA:6CQ) 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.


Cresco Labs Pretax Margin % Related Terms

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Cresco Labs Business Description

Traded in Other Exchanges
Address
400 West Erie Street, Suite 110, Chicago, IL, USA, 60654
Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, Cresco Labs' national dispensary brand and others. The Company operates in one segment, the cultivation, manufacturing, distribution and sale of cannabis.

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