Hologic Inc (HOLX)
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 | 628,300 | 676,100 | 673,900 | 910,200 | 1,205,300 | 1,588,100 | 1,855,300 | 1,944,400 | 2,150,500 | 2,361,000 | 2,567,400 | 2,398,300 | 1,736,700 | 1,001,700 | 262,000 | 207,900 | -264,700 | -257,800 | -63,800 | -72,800 |
| Revenue (ttm) | US$ in thousands | 3,969,300 | 4,030,400 | 4,038,300 | 4,056,600 | 4,465,800 | 4,862,700 | 5,226,100 | 5,391,700 | 5,493,600 | 5,632,300 | 5,662,700 | 5,317,300 | 4,535,800 | 3,776,500 | 3,295,300 | 3,324,800 | 3,387,100 | 3,367,300 | 3,315,000 | 3,286,600 |
| Pretax margin | 15.83% | 16.78% | 16.69% | 22.44% | 26.99% | 32.66% | 35.50% | 36.06% | 39.15% | 41.92% | 45.34% | 45.10% | 38.29% | 26.52% | 7.95% | 6.25% | -7.81% | -7.66% | -1.92% | -2.22% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $628,300K ÷ $3,969,300K
= 15.83%
The pretax margin of Hologic Inc has shown fluctuations over the periods studied. The pretax margin measures the company's profitability before taxes, indicating its ability to generate earnings relative to its total revenue.
From December 2020 to March 2021, there was a significant decline in pretax margin, reaching a low of 6.25%. However, the company showed a strong recovery, with pretax margin improving to 45.10% by June 2021, indicating effective cost management or revenue growth strategies.
Subsequently, there was a slight decrease in pretax margin for the remainder of 2021, but the company rebounded with pretax margins above 30% in 2022. The pretax margin peaked at 45.34% in September 2021, signifying a period of robust profitability for Hologic Inc.
In 2023, there was a downward trend in pretax margin from March to December, falling to 15.83%. This could be due to various factors such as increased expenses or changes in revenue streams impacting profitability.
Overall, although there have been fluctuations, Hologic Inc has demonstrated the ability to maintain relatively strong pretax margin levels, indicating efficient cost controls and revenue management strategies, despite some variability in performance over the periods analyzed.
Peer comparison
Dec 31, 2023