Elevance Health Inc (ELV)
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 | 7,711,000 | 7,775,000 | 7,934,000 | 6,238,000 | 5,985,000 |
| Revenue | US$ in thousands | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 | 104,213,000 |
| Pretax margin | 4.50% | 4.97% | 5.72% | 5.12% | 5.74% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $7,711,000K ÷ $171,340,000K
= 4.50%
The pretax margin of Elevance Health Inc has shown a fluctuating trend over the past five years. The margin was strongest in 2021 at 5.79% but slightly declined in the subsequent years, reaching its lowest point in 2023 at 4.53%. This indicates that the company's ability to generate income before taxes relative to its revenue has varied over the period analyzed. Further in-depth analysis is recommended to understand the factors impacting this trend and potential strategies to improve the pretax margin going forward.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Elevance Health Inc
ELV
4.50%
Centene Corp
CNC
2.34%
Cigna Corp
CI
2.72%
Humana Inc
HUM
3.13%
Molina Healthcare Inc
MOH
4.30%
UnitedHealth Group Incorporated
UNH
7.63%