Enovis Corp (ENOV)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -822,924 | -141,541 | -124,443 | -116,414 | -67,128 | -77,325 | -130,100 | 5,663 | 73,641 | 115,998 | 244,726 | 167,760 | 165,388 | 158,400 | 144,314 | 71,635 | 58,029 | 84,401 | 50,454 | 92,022 |
| Revenue (ttm) | US$ in thousands | 2,107,623 | 2,001,668 | 1,913,970 | 1,817,312 | 1,707,197 | 1,660,890 | 1,627,180 | 1,593,795 | 2,211,014 | 2,825,571 | 3,407,648 | 3,998,459 | 3,854,300 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 |
| Pretax margin | -39.05% | -7.07% | -6.50% | -6.41% | -3.93% | -4.66% | -8.00% | 0.36% | 3.33% | 4.11% | 7.18% | 4.20% | 4.29% | 4.33% | 4.12% | 2.29% | 1.89% | 2.70% | 1.59% | 2.66% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-822,924K ÷ $2,107,623K
= -39.05%
Enovis Corp's pretax margin has displayed varying trends over the period from March 31, 2020, to December 31, 2024. Initially, the pretax margin fluctuated within a relatively narrow range, ranging from 1.59% to 2.70% until June 30, 2021.
From June 30, 2021, to June 30, 2022, there was a substantial improvement in the pretax margin, rising from 4.12% to 7.18%. This period marked a significant increase in profitability before a slight decline in the following quarters.
However, starting from March 31, 2023, the pretax margin took a significant negative turn, plummeting to negative values. The negative trend continued for the remaining quarters until December 31, 2024, with the pretax margin reaching its lowest point at -39.05%.
Enovis Corp's declining pretax margin from 2023 to 2024 raises concerns about the company's ability to generate profits before taxes. This downward trend may indicate challenges in cost management, declining revenues, or inefficiencies in operations that impact the company's overall profitability.
Peer comparison
Dec 31, 2024