AMN Healthcare Services Inc (AMN)
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 | 284,289 | 606,703 | 443,921 | 91,523 | 148,488 |
| Revenue | US$ in thousands | 3,735,110 | 5,201,280 | 3,947,290 | 2,326,690 | 2,222,110 |
| Pretax margin | 7.61% | 11.66% | 11.25% | 3.93% | 6.68% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $284,289K ÷ $3,735,110K
= 7.61%
The pretax margin of AMN Healthcare Services Inc. has shown some fluctuations over the past five years. In 2023, the pretax margin decreased to 7.50% from 11.57% in 2022, indicating a decline in the company's ability to generate profits before taxes relative to its total revenue. However, this 2023 pretax margin is still higher than the levels recorded in 2020 and 2019, which were 3.82% and 6.68%, respectively. Despite the decrease from the previous year, the 2023 pretax margin remains above the 2021 level of 11.14%. Overall, the trend in the pretax margin suggests some variability in the company's profitability performance over the past five years.
Peer comparison
Dec 31, 2023