3D Systems Corporation (DDD)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -363,329 | -120,571 | 319,540 | -143,410 | -65,348 |
| Revenue | US$ in thousands | 512,487 | 530,813 | 965,674 | 548,190 | 622,454 |
| Pretax margin | -70.90% | -22.71% | 33.09% | -26.16% | -10.50% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-363,329K ÷ $512,487K
= -70.90%
3D Systems Corporation's pretax margin has been fluctuating significantly over the past five years. In 2023, the pretax margin was highly negative at -70.90%, indicating that the company incurred substantial losses before accounting for taxes. This is a sharp decline compared to 2022 when the margin was -22.71%. In 2021, 3D Systems showed a strong pretax margin of 33.09%, signifying efficient cost management and profitability. However, in 2020 and 2019, the company had negative pretax margins of -26.16% and -10.50% respectively, indicating struggles with generating profits before tax expenses. The trend suggests fluctuating financial performance and challenges in maintaining consistent profitability.
Peer comparison
Dec 31, 2023