Enovis Corp (ENOV)
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 | -46,550 | 22,828 | 52,129 | -1,954 | -496,016 |
| Revenue | US$ in thousands | 1,699,490 | 1,524,550 | 3,751,870 | 2,959,420 | 3,222,130 |
| Pretax margin | -2.74% | 1.50% | 1.39% | -0.07% | -15.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-46,550K ÷ $1,699,490K
= -2.74%
The pretax margin of Enovis Corp has exhibited variability over the past five years. In 2023, the pretax margin was negative at -3.93%, indicating that the company's expenses exceeded its pre-tax income. This is a significant decrease compared to the prior year, 2022, when the pretax margin was also negative but at a lower rate of -0.13%.
In 2021, the company experienced a positive pretax margin of 4.29%, marking a notable improvement from the previous year, 2020, when the pretax margin stood at 1.89%. Furthermore, compared to 2019, when the pretax margin was 1.52%, there has been a consistent upward trend in pretax margin performance until a decline in 2023.
The fluctuation in pretax margin over the years could indicate various factors affecting the company's profitability, such as changes in revenue, costs, or efficiency in operations. Further analysis and context are necessary to determine the specific reasons behind the fluctuations in Enovis Corp's pretax margin.
Peer comparison
Dec 31, 2023