Russel Metals (Russel Metals) Pretax Margin % : 6.17% (As of Dec. 2023)

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What is Russel Metals Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Russel Metals's Pre-Tax Income for the three months ended in Dec. 2023 was $47 Mil. Russel Metals's Revenue for the three months ended in Dec. 2023 was $760 Mil. Therefore, Russel Metals's pretax margin for the quarter that ended in Dec. 2023 was 6.17%.

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

RUSMF' s Pretax Margin % Range Over the Past 10 Years
Min: -3.21 Med: 5 Max: 13.78
Current: 7.74

RUSMF's Pretax Margin % is ranked better than
65.28% of 144 companies
in the Industrial Distribution industry
Industry Median: 5.46 vs RUSMF: 7.74

Russel Metals Pretax Margin % Historical Data

The historical data trend for Russel Metals'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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Russel Metals Pretax Margin % Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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2.87

1.04

13.78

9.61

7.74

Russel Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															6.73	8.11	9.41	7.00	6.17

Competitive Comparison of Russel Metals's Pretax Margin %

For the Industrial Distribution subindustry, Russel Metals'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.

Russel Metals's Pretax Margin % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Russel Metals's Pretax Margin % falls into.

Russel Metals 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.

Russel Metals'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 )
	=	259.914	/	3358.005
	=	7.74 %

Russel Metals's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	46.884	/	759.764
	=	6.17 %

Russel Metals (OTCPK:RUSMF) 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.

Russel Metals Pretax Margin % Related Terms

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Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.