Glaukos Corp (GKOS)
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 | -133,762 | -128,206 | -125,128 | -138,357 | -98,429 | -89,502 | -55,741 | -27,374 | -49,267 | -40,923 | -63,992 | -93,996 | -132,314 | -147,683 | -144,365 | -103,324 | -50,036 | -18,467 | -11,732 | -10,882 |
| Revenue (ttm) | US$ in thousands | 303,223 | 293,554 | 286,692 | 278,963 | 272,731 | 274,744 | 281,666 | 290,488 | 292,910 | 292,904 | 283,025 | 236,490 | 222,935 | 215,550 | 208,628 | 235,970 | 236,597 | 224,824 | 210,423 | 192,784 |
| Pretax margin | -44.11% | -43.67% | -43.65% | -49.60% | -36.09% | -32.58% | -19.79% | -9.42% | -16.82% | -13.97% | -22.61% | -39.75% | -59.35% | -68.51% | -69.20% | -43.79% | -21.15% | -8.21% | -5.58% | -5.64% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-133,762K ÷ $303,223K
= -44.11%
The pretax margin of Glaukos Corporation has shown a decreasing trend over the recent quarters, with fluctuations in performance. In Q4 2023, the pretax margin was at -42.49%, which was slightly lower than the preceding quarter. Despite this decline, the company has consistently displayed negative pretax margins over the past eight quarters. Comparing Q4 2023 to the same period in the previous year (Q4 2022), there was a substantial decrease from -34.80% to -42.49%, indicating a deterioration in the company's profitability before taxes. Overall, the pretax margin performance of Glaukos Corporation suggests ongoing challenges in generating profits relative to its revenue in recent periods.
Peer comparison
Dec 31, 2023