National Vision Holdings Inc (EYE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -25,684 | -61,764 | 60,813 | 149,325 | 38,680 |
| Revenue | US$ in thousands | 1,823,320 | 2,126,470 | 2,005,400 | 2,079,520 | 1,711,760 |
| Pretax margin | -1.41% | -2.90% | 3.03% | 7.18% | 2.26% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-25,684K ÷ $1,823,320K
= -1.41%
The pretax margin of National Vision Holdings Inc has experienced fluctuations over the past five years. In December 2020, the pretax margin was 2.26%, indicating that the company was generating $0.0226 in pre-tax profit for every dollar of revenue. By December 2021, the pretax margin improved significantly to 7.18%, reflecting stronger operational efficiency and profitability. However, in December 2022, the pretax margin decreased to 3.03%, suggesting a slight decline in profitability.
The trend took a negative turn in December 2023 when the pretax margin fell to -2.90%, representing that the company incurred a pre-tax loss equivalent to 2.90% of its revenue. This may raise concerns about the company's cost structure or revenue generation ability during that period. In December 2024, while there was a slight improvement with a pretax margin of -1.41%, the company still operated at a loss before taxes.
Overall, the fluctuating pretax margin of National Vision Holdings Inc indicates varying levels of profitability and operational efficiency over the years. It would be essential for the company to analyze the factors contributing to these fluctuations and implement strategies to enhance profitability and financial performance in the future.
Peer comparison
Dec 31, 2024