Glaukos Corp (GKOS)
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 | -133,727 | -98,434 | -49,267 | -132,314 | -50,036 |
| Revenue | US$ in thousands | 301,165 | 266,924 | 278,319 | 211,679 | 233,795 |
| Pretax margin | -44.40% | -36.88% | -17.70% | -62.51% | -21.40% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-133,727K ÷ $301,165K
= -44.40%
Glaukos Corporation's pretax margin has fluctuated significantly in recent years, ranging from -58.82% in 2020 to -16.76% in 2021 before decreasing to -34.80% in 2022 and further dropping to -42.49% in 2023. The negative values indicate that the company's expenses and costs exceed its pre-tax income. The downward trend in pretax margin raises concerns about the company's ability to effectively manage costs and generate profits before accounting for taxes. Further analysis of the company's cost structure and revenue generation strategies may be necessary to address the declining pretax margin and improve overall financial performance.
Peer comparison
Dec 31, 2023