Cross Country Healthcare Inc (CCRN)
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 | 102,894 | 256,325 | 133,208 | -13,150 | -25,981 |
| Revenue | US$ in thousands | 2,009,910 | 2,788,490 | 1,669,790 | 833,527 | 815,040 |
| Pretax margin | 5.12% | 9.19% | 7.98% | -1.58% | -3.19% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $102,894K ÷ $2,009,910K
= 5.12%
The pretax margin of Cross Country Healthcares, Inc. has shown fluctuating trends over the past five years. In 2023, the pretax margin was 5.09%, a decrease from 9.13% in 2022. This decline indicates that the company's profitability before taxes decreased in 2023. Compared to 2021, when the pretax margin was 7.94%, there was also a slight decrease in profitability. However, it is worth noting that the company experienced negative pretax margins in 2020 (-1.47%) and 2019 (-2.94%), indicating losses in those years. Overall, the company has shown varied performance in terms of pretax profitability over the analyzed period.
Peer comparison
Dec 31, 2023