Heidrick & Struggles International (HSII)
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 | 88,671 | 86,589 | 92,130 | 110,204 | 115,246 | 110,260 | 114,303 | 111,128 | 106,029 | 100,172 | 30,001 | -23,006 | -31,412 | -27,314 | 24,107 | 64,813 | 55,779 | 55,614 | 63,974 | 62,912 |
| Revenue (ttm) | US$ in thousands | 1,041,182 | 1,022,461 | 1,012,836 | 1,040,168 | 1,083,586 | 1,132,110 | 1,139,154 | 1,099,280 | 1,008,474 | 883,468 | 762,654 | 649,254 | 629,370 | 651,832 | 693,849 | 724,187 | 725,614 | 731,932 | 737,755 | 747,271 |
| Pretax margin | 8.52% | 8.47% | 9.10% | 10.59% | 10.64% | 9.74% | 10.03% | 10.11% | 10.51% | 11.34% | 3.93% | -3.54% | -4.99% | -4.19% | 3.47% | 8.95% | 7.69% | 7.60% | 8.67% | 8.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $88,671K ÷ $1,041,182K
= 8.52%
The pretax margin for Heidrick & Struggles International, Inc. has shown some variability over the past eight quarters. The company's pretax margin ranged from a low of 8.47% in Q3 2023 to a high of 10.63% in Q4 2022. Overall, the pretax margin has generally been above 8% during this period, indicating that the company has been able to effectively manage its operating expenses relative to its revenue. However, the decreasing trend from Q1 2023 to Q4 2023 suggests a potential trend worth monitoring, as it may indicate a decrease in profitability or increasing operating expenses. It would be important for stakeholders to further investigate the factors driving these fluctuations in the company's pretax margin to assess the sustainability of its profitability levels.
Peer comparison
Dec 31, 2023