CONMED Corporation (CNMD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 163,029 | 80,828 | -70,862 | 73,105 | 1,603 |
| Revenue | US$ in thousands | 1,307,020 | 1,244,740 | 1,045,470 | 1,010,640 | 862,459 |
| Pretax margin | 12.47% | 6.49% | -6.78% | 7.23% | 0.19% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $163,029K ÷ $1,307,020K
= 12.47%
The pretax margin of CONMED Corporation has shown fluctuations over the years, ranging from negative figures to double-digit percentages. Specifically, the pretax margin was 0.19% in December 31, 2020, indicating a very slim profitability before taxes. Subsequently, in December 31, 2021, there was a significant improvement as the pretax margin increased to 7.23%, reflecting a healthier financial performance. However, there was a downturn in December 31, 2022, with a negative pretax margin of -6.78%, suggesting a loss-making period for the company.
The trend reversed in December 31, 2023, with a positive pretax margin of 6.49%, indicating a recovery in profitability. Finally, by December 31, 2024, the pretax margin surged to 12.47%, demonstrating a substantial increase in profitability for CONMED Corporation. Overall, the pretax margin trend of CONMED Corporation showcases significant volatility and highlights the fluctuations in the company's operational efficiency and ability to generate profits before accounting for taxes.
Peer comparison
Dec 31, 2024