Baxter International Inc (BAX)
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 | 2,622,000 | -2,365,000 | 1,466,000 | 1,284,000 | 960,000 |
| Revenue | US$ in thousands | 14,847,000 | 15,164,000 | 12,731,000 | 23,192,000 | 22,616,000 |
| Pretax margin | 17.66% | -15.60% | 11.52% | 5.54% | 4.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,622,000K ÷ $14,847,000K
= 17.66%
Baxter International Inc.'s pretax margin has fluctuated over the past five years. In 2023, the company reported a pretax margin of -0.79%, indicating a slight loss before taxes. This contrasts with a significant decline in profitability in 2022, with a pretax margin of -15.57%.
However, the company exhibited strong performance in the preceding years, with pretax margins of 11.47% in 2021, 11.07% in 2020, and 8.54% in 2019. These positive margins suggest that Baxter International Inc. was able to generate healthy profits before accounting for taxes during those periods.
Overall, Baxter International Inc.'s pretax margin performance reflects variability in profitability levels, with the company experiencing both periods of strong profitability and some challenges in recent years.
Peer comparison
Dec 31, 2023