Enovis Corp (ENOV)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -822,924 | -67,128 | -2,069 | 165,388 | 58,029 |
| Revenue | US$ in thousands | 2,107,620 | 1,707,200 | 1,563,100 | 3,854,300 | 3,070,770 |
| Pretax margin | -39.05% | -3.93% | -0.13% | 4.29% | 1.89% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-822,924K ÷ $2,107,620K
= -39.05%
Based on the data provided, the pretax margin of Enovis Corp has shown significant fluctuations over the past five years.
In December 31, 2020, the pretax margin was 1.89%, indicating that the company was earning approximately 1.89% of its revenue before taxes. This margin increased to 4.29% by December 31, 2021, showing improved profitability.
However, there was a notable decline in profitability by December 31, 2022, with a negative pretax margin of -0.13%. This negative trend continued into the following years, with pretax margins plummeting to -3.93% by December 31, 2023, and a significant decline to -39.05% by December 31, 2024.
The consistent decrease in pretax margin over the last three years raises concerns regarding Enovis Corp's profitability and operational efficiency. The sharp decline in the pretax margin to a negative value of -39.05% in 2024 indicates that the company is facing significant challenges in generating profits before taxes.
Enovis Corp should closely monitor its cost structures, revenue generation, and overall financial performance to address the declining pretax margin and work towards improving profitability in the future.
Peer comparison
Dec 31, 2024