DaVita HealthCare Partners Inc (DVA)

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	911,651	804,924	637,325	698,854	758,487	909,035	1,095,612	1,181,703	1,285,182	1,279,342	1,169,350	1,079,035	1,087,574	1,166,994	1,151,052	1,215,727	1,090,609	666,024	372,751	374,406
Revenue (ttm)	US$ in thousands	12,140,150	11,911,290	11,738,650	11,665,040	11,609,900	11,636,980	11,626,610	11,616,360	11,618,800	11,580,150	11,565,900	11,529,370	11,550,610	11,543,870	11,523,880	11,486,600	11,388,470	11,311,010	11,254,260	11,298,510
Pretax margin		7.51%	6.76%	5.43%	5.99%	6.53%	7.81%	9.42%	10.17%	11.06%	11.05%	10.11%	9.36%	9.42%	10.11%	9.99%	10.58%	9.58%	5.89%	3.31%	3.31%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $911,651K ÷ $12,140,150K
= 7.51%

DaVita Inc's pretax margin has shown some fluctuations over the past eight quarters. The trend indicates a slight decrease in pretax margin from Q1 2022 (12.09%) to Q4 2023 (9.70%). However, there are quarterly variations with some periods showing higher margins such as Q3 2022 (11.36%), while others show lower margins like Q2 2023 (7.36%). Overall, the company's pretax margin has remained relatively stable, with fluctuations around the 8-12% range. It is important for stakeholders to monitor this metric closely to understand the company's operating efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

DaVita HealthCare Partners Inc

DVA

7.51%