Cross Country Healthcare Inc (CCRN)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	102,894	136,275	165,479	209,325	256,325	283,274	259,210	199,967	133,208	64,365	38,560	9,121	-13,150	-18,858	-20,727	-23,113	-25,981	-50,615	-46,637	-27,013
Revenue (ttm)	US$ in thousands	2,010,497	2,222,880	2,413,858	2,625,827	2,792,021	2,806,282	2,546,405	2,129,244	1,672,603	1,247,530	1,068,775	954,923	836,417	837,407	852,639	838,617	823,724	808,035	799,552	801,367
Pretax margin		5.12%	6.13%	6.86%	7.97%	9.18%	10.09%	10.18%	9.39%	7.96%	5.16%	3.61%	0.96%	-1.57%	-2.25%	-2.43%	-2.76%	-3.15%	-6.26%	-5.83%	-3.37%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $102,894K ÷ $2,010,497K
= 5.12%

Cross Country Healthcares, Inc.'s pretax margin has shown a consistent decline over the past eight quarters based on the provided data. The pretax margin decreased from 9.13% in Q4 2022 to 5.09% in Q4 2023. This downward trend indicates that the company's profitability before taxes has been weakening over time. It is important for the company to analyze the factors contributing to this decrease in pretax margin and take appropriate actions to improve profitability.