Addus HomeCare Corporation (ADUS)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 81,326 | 74,249 | 69,156 | 64,673 | 60,171 | 59,716 | 60,372 | 61,173 | 60,398 | 53,460 | 49,607 | 42,831 | 41,942 | 45,074 | 39,825 | 37,590 | 32,596 | 23,781 | 21,385 | 19,876 |
| Revenue (ttm) | US$ in thousands | 1,051,791 | 1,022,325 | 991,801 | 968,399 | 943,504 | 921,874 | 898,854 | 880,430 | 859,640 | 832,331 | 810,463 | 777,659 | 762,842 | 759,222 | 735,551 | 700,648 | 650,057 | 597,350 | 565,258 | 547,388 |
| Pretax margin | 7.73% | 7.26% | 6.97% | 6.68% | 6.38% | 6.48% | 6.72% | 6.95% | 7.03% | 6.42% | 6.12% | 5.51% | 5.50% | 5.94% | 5.41% | 5.37% | 5.01% | 3.98% | 3.78% | 3.63% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $81,326K ÷ $1,051,791K
= 7.73%
The pretax margin of Addus HomeCare Corporation has shown a generally positive trend over the past eight quarters. There has been a consistent increase in pretax margin from Q1 2022 to Q4 2023, indicating an improvement in the company's ability to generate earnings before taxes relative to its total revenue. This suggests that the company has been effectively managing its operating expenses and optimizing its revenue streams.
The pretax margin has experienced some fluctuations on a quarterly basis, with variations ranging from 6.33% in Q4 2022 to 7.68% in Q4 2023. Despite these fluctuations, the overall trend indicates a positive direction for the company's profitability.
It is important for Addus HomeCare Corporation to continue monitoring and improving its pretax margin to ensure sustainable profitability and financial health. This can be achieved through efficient cost management, revenue growth strategies, and operational efficiency enhancements.
Peer comparison
Dec 31, 2023