ANGI Homeservices Inc (ANGI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 20,077 | -28,208 | -145,234 | -102,507 | -19,328 |
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Pretax margin | 1.69% | -2.08% | -7.68% | -6.08% | -1.32% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $20,077K ÷ $1,185,110K
= 1.69%
The pretax margin of ANGI Homeservices Inc. has exhibited notable fluctuations over the specified period from December 31, 2020, to December 31, 2024. At the end of 2020, the company reported a pretax margin of -1.32%, indicating a slight pre-tax loss relative to revenues. This margin deteriorated significantly in 2021, reaching -6.08%, suggesting increased pre-tax losses and possibly declining profitability or rising expenses. The negative trend continued into 2022, with the pretax margin deepening to -7.68%, reflecting further worsening of pre-tax profitability, which may be attributable to operational challenges, competitive pressures, or scale inefficiencies.
In 2023, there was a partial improvement as the pretax margin narrowed to -2.08%, indicating a substantial reduction in pre-tax losses, perhaps due to cost management efforts or improved revenue streams. The most notable change occurred in 2024, where the pretax margin transitioned into positive territory at 1.69%. This positive margin suggests a turnaround in the company’s pre-tax profitability, likely driven by enhanced operational efficiency, revenue growth, or a combination of both.
Overall, the trend from negative margins towards a positive margin over the four-year span signals a significant improvement in the company's pre-tax financial performance, although the company only achieved profitability in the last year of the period analyzed.
Peer comparison
Dec 31, 2024