DaVita HealthCare Partners Inc (DVA)

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	911,651	758,487	1,285,180	1,087,570	1,090,610
Revenue	US$ in thousands	12,140,100	11,609,900	11,618,800	11,550,600	11,388,500
Pretax margin		7.51%	6.53%	11.06%	9.42%	9.58%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $911,651K ÷ $12,140,100K
= 7.51%

The pretax margin of DaVita Inc has shown fluctuations over the past five years. In 2023, the pretax margin was 9.70%, representing an increase from the prior year's 8.32%. However, this was lower than the levels seen in 2021 and 2020, where the company achieved pretax margins of 13.07% and 11.41% respectively. In comparison to 2019, the pretax margin in 2023 was slightly higher at 10.50%. Overall, DaVita Inc has demonstrated variability in its pretax margin, possibly reflecting changing operational efficiency, cost management strategies, or external economic factors impacting its profitability before tax.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

DaVita HealthCare Partners Inc

DVA

7.51%