HCA Holdings Inc (HCA)
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 | 6,857,000 | 7,503,000 | 7,563,000 | 7,509,000 | 7,389,000 | 7,047,000 | 8,507,000 | 8,874,000 | 9,068,000 | 8,477,000 | 6,400,000 | 5,920,000 | 4,797,000 | 4,398,000 | 4,348,000 | 3,979,000 | 4,604,000 | 4,507,000 | 4,612,000 | 4,650,000 |
| Revenue (ttm) | US$ in thousands | 64,968,000 | 63,162,000 | 61,920,000 | 60,879,000 | 60,233,000 | 59,800,000 | 60,105,000 | 59,720,000 | 58,752,000 | 59,483,000 | 57,147,000 | 53,365,000 | 51,533,000 | 50,841,000 | 49,934,000 | 51,424,000 | 51,334,000 | 48,505,000 | 47,478,000 | 46,437,000 |
| Pretax margin | 10.55% | 11.88% | 12.21% | 12.33% | 12.27% | 11.78% | 14.15% | 14.86% | 15.43% | 14.25% | 11.20% | 11.09% | 9.31% | 8.65% | 8.71% | 7.74% | 8.97% | 9.29% | 9.71% | 10.01% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,857,000K ÷ $64,968,000K
= 10.55%
To analyze HCA Healthcare Inc's pretax margin, we observe fluctuations in the pretax margin over the last eight quarters. The company's pretax margin has displayed variability, ranging from a low of 11.86% in Q4 2023 to a high of 16.20% in Q1 2022.
In the recent quarters, the pretax margin has demonstrated a decreasing trend from Q1 2023 to Q4 2023. This decline indicates that the company's earnings before taxes as a percentage of total revenue have been decreasing over these periods.
Despite the quarterly fluctuations, the pretax margin has generally remained healthy, consistently above 10% over the observed period. This implies that HCA Healthcare Inc has efficiently managed its expenses and generated profits before taxes.
It is important for investors and stakeholders to monitor the trend in pretax margin closely as it can provide insights into the company's operational efficiency, cost management, and overall financial performance. Further analysis, considering other financial metrics and industry benchmarks, would provide a more comprehensive view of HCA Healthcare Inc's financial health.
Peer comparison
Dec 31, 2023