The Ensign Group Inc (ENSG)
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 | 272,311 | 289,118 | 254,931 | 216,720 | 134,488 |
| Revenue | US$ in thousands | 3,721,290 | 3,025,470 | 2,627,460 | 2,402,600 | 2,029,210 |
| Pretax margin | 7.32% | 9.56% | 9.70% | 9.02% | 6.63% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $272,311K ÷ $3,721,290K
= 7.32%
The pretax margin of Ensign Group Inc has fluctuated over the past five years. In 2023, the company's pretax margin decreased to 7.31% from 9.56% in 2022, signaling a decline in profitability before accounting for taxes. Despite this decrease, the pretax margin remained relatively stable compared to the levels seen in 2021 and 2020, which were 9.82% and 9.06%, respectively. The lowest pretax margin was recorded in 2019 at 5.70%.
Overall, Ensign Group Inc's pretax margin trend suggests some variability in the company's profitability performance over the years, with room for improvement in generating profits prior to tax considerations. Further analysis of the underlying factors influencing the pretax margin shifts would be required to assess the company's financial health comprehensively.
Peer comparison
Dec 31, 2023