Hologic Inc (HOLX)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 676,100 | 1,588,200 | 2,362,900 | 1,006,600 | -257,700 |
| Revenue | US$ in thousands | 4,030,400 | 4,862,800 | 5,632,300 | 3,776,400 | 3,367,300 |
| Pretax margin | 16.78% | 32.66% | 41.95% | 26.66% | -7.65% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $676,100K ÷ $4,030,400K
= 16.78%
The pretax margin of Hologic, Inc. has shown fluctuating trends over the past five years. In 2019, the company reported a negative pretax margin of -7.65%, indicating that its expenses exceeded its earnings before taxes. However, there was a significant recovery in 2021, with the pretax margin improving to 41.92%, reflecting a strong ability to generate profits before accounting for tax expenses.
However, the pretax margin decreased notably in 2022 to 32.66%, and then again in 2023 to 16.78%. This decline suggests that the company's profitability before taxes has reduced compared to the previous year. It's essential to investigate the factors contributing to this decline, such as changes in revenue, operating expenses, or one-time charges, to better understand the company's financial performance.
Peer comparison
Sep 30, 2023