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The Lion Electric Co (The Lion Electric Co) Pretax Margin % : -39.11% (As of Mar. 2024)


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What is The Lion Electric Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. The Lion Electric Co's Pre-Tax Income for the three months ended in Mar. 2024 was $-21.7 Mil. The Lion Electric Co's Revenue for the three months ended in Mar. 2024 was $55.5 Mil. Therefore, The Lion Electric Co's pretax margin for the quarter that ended in Mar. 2024 was -39.11%.

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

LEV' s Pretax Margin % Range Over the Past 10 Years
Min: -415.62   Med: -40.93   Max: 12.71
Current: -43.21


LEV's Pretax Margin % is ranked worse than
91.35% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.685 vs LEV: -43.21

The Lion Electric Co Pretax Margin % Historical Data

The historical data trend for The Lion Electric Co'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.

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The Lion Electric Co Pretax Margin % Chart

The Lion Electric Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
-9.94 -415.63 -75.07 12.70 -40.93

The Lion Electric Co Quarterly Data
Dec19 May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -28.49 -20.32 -24.71 -93.57 -39.11

Competitive Comparison of The Lion Electric Co's Pretax Margin %

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.


The Lion Electric Co's Pretax Margin % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where The Lion Electric Co's Pretax Margin % falls into.



The Lion Electric Co 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.

The Lion Electric Co'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 )
=-103.766/253.496
=-40.93 %

The Lion Electric Co's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-21.697/55.481
=-39.11 %

* 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 Lion Electric Co  (NYSE:LEV) 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.


The Lion Electric Co Pretax Margin % Related Terms

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The Lion Electric Co (The Lion Electric Co) Business Description

Traded in Other Exchanges
Address
921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.