CVS Health Corp (CVS)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 11,149,000 | 11,389,000 | 3,923,000 | 5,485,000 | 5,612,000 | 4,248,000 | 10,855,000 | 10,463,000 | 10,432,000 | 10,066,000 | 9,721,000 | 9,943,000 | 9,748,000 | 10,871,000 | 11,194,000 | 9,841,000 | 9,000,000 | 6,768,000 | 6,533,000 | 1,871,000 |
| Revenue (ttm) | US$ in thousands | 357,776,000 | 347,809,000 | 339,204,000 | 330,919,000 | 322,467,000 | 315,225,000 | 307,860,000 | 299,840,000 | 292,111,000 | 285,061,000 | 278,323,000 | 271,048,000 | 268,706,000 | 266,041,000 | 263,795,000 | 261,885,000 | 256,776,000 | 244,311,000 | 226,991,000 | 210,482,000 |
| Pretax margin | 3.12% | 3.27% | 1.16% | 1.66% | 1.74% | 1.35% | 3.53% | 3.49% | 3.57% | 3.53% | 3.49% | 3.67% | 3.63% | 4.09% | 4.24% | 3.76% | 3.51% | 2.77% | 2.88% | 0.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,149,000K ÷ $357,776,000K
= 3.12%
The pretax margin of CVS Health Corp has shown fluctuations over the past eight quarters, ranging from a low of 1.21% in Q2 2023 to a high of 3.47% in both Q2 and Q1 of 2022. Overall, the pretax margin has generally been in the range of 1.30% to 3.47%, with Q3 of 2022 showing the highest value at 3.47%. It is important to assess the reasons behind these fluctuations to better understand the company's profitability performance during these periods.
Peer comparison
Dec 31, 2023