Elevance Health Inc (ELV)
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 | 7,711,000 | 7,887,000 | 8,376,000 | 8,079,000 | 7,791,000 | 8,001,000 | 7,872,000 | 8,076,000 | 7,934,000 | 7,133,000 | 5,519,000 | 6,323,000 | 6,238,000 | 6,725,000 | 7,825,000 | 6,129,000 | 5,985,000 | 5,429,000 | 5,182,000 | 5,233,000 |
| Revenue (ttm) | US$ in thousands | 171,340,000 | 168,622,000 | 165,712,000 | 160,672,000 | 156,595,000 | 153,247,000 | 149,130,000 | 144,349,000 | 138,639,000 | 133,882,000 | 129,218,000 | 124,631,000 | 121,867,000 | 117,450,000 | 112,966,000 | 109,168,000 | 104,213,000 | 100,179,000 | 96,756,000 | 94,234,000 |
| Pretax margin | 4.50% | 4.68% | 5.05% | 5.03% | 4.98% | 5.22% | 5.28% | 5.59% | 5.72% | 5.33% | 4.27% | 5.07% | 5.12% | 5.73% | 6.93% | 5.61% | 5.74% | 5.42% | 5.36% | 5.55% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,711,000K ÷ $171,340,000K
= 4.50%
To analyze Elevance Health Inc's pretax margin over the past eight quarters, we observe a fluctuating trend. The pretax margin ranged from a low of 4.53% in Q4 2023 to a high of 5.66% in Q1 2022.
Overall, the pretax margin has shown a slight decline in recent quarters, with Q4 2023 marking a decrease compared to the previous three quarters. This decline may indicate increasing costs or lower revenues relative to income before taxes.
However, it is worth noting that even at its lowest point in Q4 2023, the pretax margin remains above 4%, indicating that Elevance Health Inc is still able to generate a reasonable level of profit before accounting for taxes. Further analysis of the underlying factors affecting the company's financial performance would be necessary to determine the reasons behind the fluctuation in pretax margin and to assess its implications for the company's overall financial health.
Peer comparison
Dec 31, 2023