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