ExlService Holdings Inc (EXLS)
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 | 238,094 | 190,533 | 146,608 | 115,102 | 82,831 |
| Revenue | US$ in thousands | 1,619,020 | 1,412,250 | 1,106,200 | 951,676 | 981,632 |
| Pretax margin | 14.71% | 13.49% | 13.25% | 12.09% | 8.44% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $238,094K ÷ $1,619,020K
= 14.71%
The pretax margin of ExlService Holdings Inc has shown a consistent upward trend over the past five years, reflecting improvements in the company's profitability before considering taxes. The pretax margin increased from 8.36% in 2019 to 14.60% in 2023. This positive movement indicates that the company has been able to effectively control its operating expenses and generate higher levels of income relative to its total revenue. A rising pretax margin is generally seen as a positive indicator of a company's operational efficiency and profitability, suggesting that ExlService Holdings Inc has been managing its costs effectively and/or increasing its revenue streams in recent years.
Peer comparison
Dec 31, 2023