National Vision Holdings Inc (EYE)

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 -61,764 -56,392 39,263 47,782 60,813 77,818 105,450 135,683 149,325 188,864 186,215 84,338 38,680 -4,493 -53,359 16,611 30,490 800 -4,143 -1,328
Revenue (ttm) US$ in thousands 2,127,386 2,090,382 2,057,053 2,041,121 2,006,691 2,015,422 2,034,012 2,073,788 2,080,159 2,085,883 2,040,676 1,734,821 1,662,479 1,580,489 1,520,846 1,697,577 1,687,763 1,641,922 1,606,635 1,562,202
Pretax margin -2.90% -2.70% 1.91% 2.34% 3.03% 3.86% 5.18% 6.54% 7.18% 9.05% 9.13% 4.86% 2.33% -0.28% -3.51% 0.98% 1.81% 0.05% -0.26% -0.09%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-61,764K ÷ $2,127,386K
= -2.90%

The pretax margin of National Vision Holdings Inc has displayed fluctuations over the time period analyzed. It started at a negative level in December 2019, gradually improved throughout 2020 and 2021, reaching a peak of 9.13% in September 2021. However, the pretax margin declined after that, hitting negative figures in late 2022 and early 2023. There was a slight recovery in the pretax margin in mid-2023, but it remained negative overall. It is important to monitor this metric closely as negative pretax margins indicate that the company's operating expenses and interest payments are exceeding its gross profit, which may raise concerns about its financial health and efficiency in generating profits before taxes.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
National Vision Holdings Inc
EYE
-2.90%
STAAR Surgical Company
STAA
10.45%
The Cooper Companies Inc.
COO
11.55%