Quest Diagnostics Incorporated (DGX)
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 | 1,102,000 | 1,210,000 | 2,592,000 | 1,891,000 | 1,105,000 |
| Revenue | US$ in thousands | 9,100,000 | 9,745,000 | 10,628,000 | 9,437,000 | 7,726,000 |
| Pretax margin | 12.11% | 12.42% | 24.39% | 20.04% | 14.30% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,102,000K ÷ $9,100,000K
= 12.11%
The pretax margin of Quest Diagnostics, Inc. has experienced fluctuations over the past five years. The trend shows a decline from 2019 to 2020, followed by a notable increase in 2021, and then a subsequent decrease in 2022 and 2023. The pretax margin was highest in 2021 at 24.81% and lowest in 2019 at 14.66%. The variability in the pretax margin suggests changes in the company's ability to control costs and generate operating profits before taxes. Further analysis would be required to understand the factors driving these fluctuations and to assess the overall financial performance and efficiency of Quest Diagnostics, Inc.
Peer comparison
Dec 31, 2023