National Vision Holdings Inc (EYE)
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 | -61,764 | 60,813 | 149,325 | 38,680 | 30,489 |
| Revenue | US$ in thousands | 2,127,880 | 2,006,690 | 2,080,160 | 1,662,480 | 1,678,310 |
| Pretax margin | -2.90% | 3.03% | 7.18% | 2.33% | 1.82% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-61,764K ÷ $2,127,880K
= -2.90%
The pretax margin of National Vision Holdings Inc has shown variability over the past five years. In 2023, the pretax margin was negative at -2.90%, indicating that the company's operating expenses and interest payments exceeded its revenues before accounting for taxes. This represents a decline from 2022 when the pretax margin was 3.03%. In 2021, the pretax margin increased significantly to 7.18%, reflecting improved operational efficiency and profitability. However, this declined in 2020 to 2.33% before a slight increase in 2019 to 1.82%.
The negative pretax margin in 2023 may raise concerns about the company's ability to generate profits before tax expenses and points towards potential challenges in managing costs and increasing revenue. Further analysis is needed to understand the factors contributing to this decline and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023