HealthStream Inc (HSTM)
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 | 18,511 | 15,585 | 7,766 | 17,823 | 19,503 |
| Revenue | US$ in thousands | 279,063 | 266,851 | 256,691 | 244,826 | 254,112 |
| Pretax margin | 6.63% | 5.84% | 3.03% | 7.28% | 7.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $18,511K ÷ $279,063K
= 6.63%
Healthstream Inc's pretax margin has fluctuated over the past five years. In 2023, the pretax margin increased to 6.63%, showing an improvement compared to the previous year's 5.84%. However, this current margin is lower than the peak reached in 2020 when it was 7.28%. Despite this, Healthstream Inc's pretax margin has been relatively stable over the period, hovering around 7% in 2019 and 2020 before experiencing some fluctuations in the following years. This suggests that the company has been able to maintain a reasonable level of profitability before tax expenses, with slight variations in performance from year to year.
Peer comparison
Dec 31, 2023