Consolidated Communications (CNSL)
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 | ||
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Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -315,260 | -309,054 | 50,647 | 173,616 | 92,477 | 190,466 | -103,327 | -149,538 | -86,454 | -138,644 | -117,389 | -49,331 | 38,656 | 53,806 | 36,181 | 6,901 | -24,097 | -40,970 | -66,338 | -69,825 |
Revenue (ttm) | US$ in thousands | 1,108,273 | 1,129,071 | 1,142,036 | 1,165,264 | 1,189,461 | 1,211,965 | 1,233,930 | 1,250,822 | 1,260,849 | 1,249,993 | 1,258,475 | 1,268,369 | 1,284,566 | 1,307,977 | 1,314,817 | 1,322,890 | 1,336,839 | 1,350,554 | 1,364,712 | 1,381,684 |
Pretax margin | -28.45% | -27.37% | 4.43% | 14.90% | 7.77% | 15.72% | -8.37% | -11.96% | -6.86% | -11.09% | -9.33% | -3.89% | 3.01% | 4.11% | 2.75% | 0.52% | -1.80% | -3.03% | -4.86% | -5.05% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-315,260K ÷ $1,108,273K
= -28.45%
Consolidated Communications Holdings Inc's pretax margin has shown significant fluctuations over the past eight quarters. The pretax margin for Q4 2023 and Q3 2023 was -27.17% and -27.55%, respectively, indicating a negative margin which suggests that the company's pre-tax income was less than its total revenue for those periods. This trend continued from the previous quarters, with Q2 2023 also showing a negative margin of -22.02%.
The company's performance improved slightly in Q1 2023 with a pretax margin of -10.98%, although it remained negative. Comparing to Q4 2022 where the pretax margin was -17.19%, the latest performance is marginally worse. The highest pretax margin in the past two years was in Q1 2022 at -12.63%, while Q2 and Q3 2022 had pretax margins of -9.06% and -9.94%, respectively.
Overall, Consolidated Communications Holdings Inc's pretax margin has been experiencing challenges, showing a consistent negative trend with occasional fluctuations. This indicates that the company may be struggling to generate profits before accounting for income taxes. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors contributing to these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023