HCA Holdings Inc (HCA)
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 | 6,857,000 | 7,389,000 | 9,068,000 | 4,797,000 | 4,604,000 |
| Revenue | US$ in thousands | 64,968,000 | 60,233,000 | 58,752,000 | 51,533,000 | 51,336,000 |
| Pretax margin | 10.55% | 12.27% | 15.43% | 9.31% | 8.97% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $6,857,000K ÷ $64,968,000K
= 10.55%
The pretax margin of HCA Healthcare Inc has shown some fluctuations over the past five years. In 2023, the pretax margin was 11.86%, which decreased from 14.24% in 2022 and 16.74% in 2021. The drop in pretax margin from 2021 to 2023 indicates a declining profitability trend before taxes. However, the pretax margin in 2023 remained higher than the levels recorded in 2020 (10.54%) and 2019 (10.22%).
Overall, the company's pretax margin has experienced variability, suggesting fluctuations in its ability to generate profits before accounting for taxes. This may be attributed to factors such as changes in operating expenses, revenue, and overall efficiency in managing costs throughout the years reviewed. Further analysis of the company's financial and operational performance is necessary to understand the underlying reasons for these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023