Chemed Corp (CHE)

Pretax margin

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 435,103 399,465 394,935 387,171 363,687 350,367 317,174 300,380 316,142 329,679 343,406 362,355 351,354 350,314 400,028 386,212 410,730 395,990 329,744 315,063
Revenue (ttm) US$ in thousands 2,482,047 2,431,287 2,377,206 2,335,557 2,293,493 2,264,417 2,225,159 2,187,099 2,164,571 2,134,963 2,129,287 2,141,482 2,142,450 2,139,261 2,131,572 2,121,202 2,091,145 2,079,583 2,068,618 2,020,934
Pretax margin 17.53% 16.43% 16.61% 16.58% 15.86% 15.47% 14.25% 13.73% 14.61% 15.44% 16.13% 16.92% 16.40% 16.38% 18.77% 18.21% 19.64% 19.04% 15.94% 15.59%

March 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $435,103K ÷ $2,482,047K
= 17.53%

Chemed Corp's pretax margin has fluctuated over the period from June 30, 2020, to March 31, 2025. The pretax margin started at 15.59% in June 2020, slightly increased to 15.94% by September 2020, and then showed a more significant improvement to 19.04% by December 2020 and further to 19.64% by March 2021.

However, from that point onwards, the pretax margin experienced some volatility, fluctuating between 16.13% and 18.77%, before declining to 14.61% by March 2023. Subsequently, there was a slight recovery to 17.53% by March 2025.

Overall, while there have been fluctuations in Chemed Corp's pretax margin, the company has shown resilience by maintaining levels above 15% for the majority of the period under review. This performance suggests a consistent ability to generate profits before taxes relative to its revenue over time.