The Ensign Group Inc (ENSG)
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 | 272,311 | 318,564 | 309,016 | 300,905 | 289,118 | 277,514 | 268,916 | 259,254 | 254,931 | 244,669 | 234,801 | 225,401 | 216,720 | 197,587 | 175,913 | 155,315 | 134,488 | 119,051 | 113,075 | 108,043 |
| Revenue (ttm) | US$ in thousands | 3,731,458 | 3,554,106 | 3,388,158 | 3,200,096 | 3,026,034 | 2,910,738 | 2,808,673 | 2,713,098 | 2,627,461 | 2,566,044 | 2,496,870 | 2,442,374 | 2,402,596 | 2,093,511 | 2,091,399 | 2,076,776 | 2,032,067 | 2,250,949 | 2,161,856 | 3,084,516 |
| Pretax margin | 7.30% | 8.96% | 9.12% | 9.40% | 9.55% | 9.53% | 9.57% | 9.56% | 9.70% | 9.53% | 9.40% | 9.23% | 9.02% | 9.44% | 8.41% | 7.48% | 6.62% | 5.29% | 5.23% | 3.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $272,311K ÷ $3,731,458K
= 7.30%
Ensign Group Inc's pretax margin has shown some variability over the past eight quarters. In Q1 2022, the pretax margin was at its highest point at 9.63%, followed closely by Q2 2022 and Q3 2022, where it remained relatively stable at around 9.62% and 9.54% respectively. However, there was a slight decline in Q4 2022 to 9.56%.
In 2023, the pretax margin continued to experience fluctuations. The pretax margin started the year at 9.42% in Q1 2023, then saw a slight increase in Q2 2023 to 9.13%. However, in Q3 2023, there was a more significant increase to 8.96%. The trend continued in Q4 2023 with a pretax margin of 7.31%.
Overall, Ensign Group Inc's pretax margin has generally remained above 7% over the past eight quarters, indicating a consistent level of profitability before taxes. However, the recent downward trend in Q4 2023 may require further analysis to understand the factors contributing to the decline and assess the company's financial performance in more detail.
Peer comparison
Dec 31, 2023