Catalyst Pharmaceuticals Inc (CPRX)

Pretax margin

		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	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	216,263	188,789	93,563	86,287	94,511	80,812	144,840	124,573	104,719	84,524	72,589	60,244	52,667	48,578	46,243	40,736	41,890	41,571	44,073	45,090
Revenue (ttm)	US$ in thousands	491,734	460,482	434,475	411,347	398,204	348,393	302,949	256,480	214,203	191,755	170,465	153,717	140,833	133,539	126,902	120,142	119,073	118,181	119,761	118,994
Pretax margin		43.98%	41.00%	21.53%	20.98%	23.73%	23.20%	47.81%	48.57%	48.89%	44.08%	42.58%	39.19%	37.40%	36.38%	36.44%	33.91%	35.18%	35.18%	36.80%	37.89%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $216,263K ÷ $491,734K
= 43.98%

The pretax margin of Catalyst Pharmaceuticals Inc has shown fluctuations over the past few years. It started at a strong level of 37.89% in March 2020, showing the company's ability to generate profits before taxes. The margin slightly decreased to 36.80% by June 2020 but remained relatively stable throughout the rest of 2020, hovering around 35-36%.

In the first half of 2021, there was a decline in the pretax margin to 33.91% in March, followed by a recovery to 36.44% in June. The trend continued to improve in the second half of 2021, reaching 37.40% by December. The company's profitability further increased in 2022, with the pretax margin expanding to 48.89% by December.

However, the pretax margin experienced a significant drop in the first half of 2023, falling to 23.20% in September. This downward trend continued with a slight recovery to 23.73% by December 2023. The profitability rebounded in the first half of 2024, reaching 43.98% by December 2024, showcasing a remarkable improvement.

Overall, the analysis of Catalyst Pharmaceuticals Inc's pretax margin indicates considerable variability in profitability levels over different periods, demonstrating the company's ability to adapt to changing market conditions and operational challenges.