Community Healthcare Trust Inc (CHCT)

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	8,126	22,157	22,788	19,256	9,868
Revenue	US$ in thousands	112,845	97,679	90,579	75,684	60,849
Pretax margin		7.20%	22.68%	25.16%	25.44%	16.22%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $8,126K ÷ $112,845K
= 7.20%

Community Healthcare Trust Inc's pretax margin has exhibited fluctuations over the past five years. The pretax margin declined from 25.31% in 2020 to 22.58% in 2022 before experiencing a further decrease to 7.11% in 2023. This represents a significant decrease in profitability compared to the previous years. The pretax margin peaked at 25.02% in 2021, demonstrating the company's ability to generate healthy profits before tax. The overall trend indicates some volatility in the company's profitability, which may warrant further analysis to understand the factors driving these fluctuations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Community Healthcare Trust Inc

CHCT

7.20%