Glaukos Corp (GKOS)
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 | -145,601 | -133,727 | -98,434 | -49,267 | -132,314 |
| Revenue | US$ in thousands | 378,263 | 301,165 | 266,924 | 278,319 | 211,679 |
| Pretax margin | -38.49% | -44.40% | -36.88% | -17.70% | -62.51% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-145,601K ÷ $378,263K
= -38.49%
Glaukos Corp's pretax margin has exhibited significant fluctuations over the past five years. The margin was notably negative in all the years: -62.51% in 2020, -17.70% in 2021, -36.88% in 2022, -44.40% in 2023, and -38.49% in 2024. This indicates that, before accounting for taxes, the company's operating income was insufficient to cover its expenses and tax obligations. The declining trend in pretax margin from 2020 through 2022 suggests potential challenges in operational efficiency and cost management during this period. Overall, the negative pretax margins raise concerns about Glaukos Corp's profitability and financial performance, highlighting the need for careful evaluation and potential strategic adjustments going forward.
Peer comparison
Dec 31, 2024