Heidrick & Struggles International (HSII)
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 | 88,671 | 115,236 | 106,029 | -31,398 | 69,289 |
| Revenue | US$ in thousands | 1,041,180 | 1,083,590 | 1,008,470 | 629,370 | 725,614 |
| Pretax margin | 8.52% | 10.63% | 10.51% | -4.99% | 9.55% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $88,671K ÷ $1,041,180K
= 8.52%
Heidrick & Struggles International, Inc.'s pretax margin has displayed variation over the past five years. In 2023, the pretax margin decreased to 8.52% from 10.63% in 2022, signaling a decline in the company's ability to generate profits before accounting for taxes. This reduction may be attributed to various factors impacting the company's revenue and operational efficiencies during the most recent fiscal year. However, when compared to the negative pretax margin of -4.99% in 2020, the current figure indicates an improvement in the company's financial performance. The 2021 and 2019 pretax margins of 10.51% and 9.55%, respectively, stand out as more favorable, indicating better profitability levels during those years. A deeper analysis of the underlying reasons behind these fluctuations would be necessary to understand the dynamics influencing Heidrick & Struggles International, Inc.'s pretax margin trends over the specified period.
Peer comparison
Dec 31, 2023