Addus HomeCare Corporation (ADUS)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 99,353 | 98,493 | 91,425 | 86,383 | 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 |
| Revenue (ttm) | US$ in thousands | 1,158,256 | 1,131,206 | 1,109,629 | 1,080,856 | 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 |
| Pretax margin | 8.58% | 8.71% | 8.24% | 7.99% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $99,353K ÷ $1,158,256K
= 8.58%
The pretax margin of Addus HomeCare Corporation has shown a steady increase over the past few years, indicating improving profitability before taxes. It started at 5.37% in March 2020 and gradually increased to 8.58% by December 2024.
The company experienced some fluctuations in pretax margin, with the highest point at 8.71% in September 2024. Despite these fluctuations, the overall trend demonstrates a positive growth trajectory.
The increasing trend in pretax margin suggests that Addus HomeCare Corporation has been effectively managing its expenses and generating more income relative to its total revenue. This rise in profitability may be attributed to various factors such as cost control measures, operational efficiency improvements, revenue growth, or strategic decision-making.
Overall, the consistent improvement in the pretax margin reflects a positive financial performance and management's ability to generate higher profits before taxes, which is a key indicator of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024