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Mainstreet Equity (TSX:MEQ) Pretax Margin % : 68.60% (As of Mar. 2024)


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What is Mainstreet Equity Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Mainstreet Equity's Pre-Tax Income for the three months ended in Mar. 2024 was C$41.9 Mil. Mainstreet Equity's Revenue for the three months ended in Mar. 2024 was C$61.1 Mil. Therefore, Mainstreet Equity's pretax margin for the quarter that ended in Mar. 2024 was 68.60%.

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

TSX:MEQ' s Pretax Margin % Range Over the Past 10 Years
Min: 22.75   Med: 78.9   Max: 161.89
Current: 92.74


TSX:MEQ's Pretax Margin % is ranked better than
92.6% of 1784 companies
in the Real Estate industry
Industry Median: 9.005 vs TSX:MEQ: 92.74

Mainstreet Equity Pretax Margin % Historical Data

The historical data trend for Mainstreet Equity'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.

Mainstreet Equity Pretax Margin % Chart

Mainstreet Equity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.90 53.58 161.89 79.28 65.64

Mainstreet Equity Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only 50.39 77.38 92.87 132.18 68.60

Competitive Comparison of Mainstreet Equity's Pretax Margin %

For the Real Estate Services subindustry, Mainstreet Equity'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.


Mainstreet Equity's Pretax Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mainstreet Equity's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Mainstreet Equity's Pretax Margin % falls into.



Mainstreet Equity 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.

Mainstreet Equity's Pretax Margin for the fiscal year that ended in Sep. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Sep. 2023 )/Revenue (A: Sep. 2023 )
=137.87/210.028
=65.64 %

Mainstreet Equity'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 )
=41.913/61.098
=68.60 %

* 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.


Mainstreet Equity  (TSX:MEQ) 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.


Mainstreet Equity Pretax Margin % Related Terms

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Mainstreet Equity (TSX:MEQ) Business Description

Traded in Other Exchanges
Address
10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2
Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.
Executives
Richard Grimaldi Director

Mainstreet Equity (TSX:MEQ) Headlines

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