Concentra Group Holdings Parent, Inc. (CON)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 172,693 | 224,896 | 275,563 |
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Pretax margin | 9.40% | 13.04% | 15.91% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $172,693K ÷ $1,838,080K
= 9.40%
Concentra Group Holdings Parent, Inc.'s pretax margin has shown a declining trend over the past three years, decreasing from 15.91% in 2021 to 13.04% in 2022, and further dropping to 9.40% in 2023. This indicates that the company's ability to generate profits before taxes relative to its revenue has weakened over time. A decreasing pretax margin could be a result of various factors such as increasing operating expenses, declining revenue growth, or inefficient cost management. It is essential for the company to closely examine the underlying reasons for this decline and take necessary measures to improve profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2023