Henry Schein Inc (HSIC)
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 | 536,000 | 708,000 | 829,000 | 499,000 | 854,249 |
| Revenue | US$ in thousands | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 | 10,185,200 |
| Pretax margin | 4.37% | 5.62% | 6.69% | 4.95% | 8.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $536,000K ÷ $12,252,000K
= 4.37%
The pretax margin of Henry Schein Inc has exhibited fluctuations over the past five years, with a general downward trend from 2019 to 2023. The pretax margin decreased from 8.39% in 2019 to 4.37% in 2023. This indicates a decline in the company's ability to generate profits before accounting for taxes and other expenses as a percentage of its total revenue. Factors such as changes in revenue growth, cost structure, and operational efficiency may have impacted the pretax margin during this period. Further analysis of the company's financial performance and strategic decisions would be necessary to fully understand the reasons for the fluctuations in pretax margin.
Peer comparison
Dec 31, 2023