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