Addus HomeCare Corporation (ADUS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 81,326 | 60,171 | 60,398 | 41,942 | 32,596 |
| Revenue | US$ in thousands | 1,051,790 | 943,505 | 859,640 | 762,533 | 647,209 |
| Pretax margin | 7.73% | 6.38% | 7.03% | 5.50% | 5.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $81,326K ÷ $1,051,790K
= 7.73%
The pretax margin of Addus HomeCare Corporation has shown a consistent upward trend over the past five years. The company's pretax margin increased from 5.11% in 2019 to 7.68% in 2023, indicating improved profitability and efficiency in managing its operations. This trend suggests that Addus HomeCare has been able to control its operating expenses effectively while generating higher revenues. The company's ability to maintain and steadily increase its pretax margin reflects a positive financial performance and a strong operational foundation. The rising pretax margin is a promising indicator of the company's financial health and management effectiveness in delivering value to its stakeholders.
Peer comparison
Dec 31, 2023