ICU Medical Inc (ICUI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -66,012 | -78,299 | -114,409 | 123,186 | 97,494 |
| Revenue | US$ in thousands | 2,382,050 | 2,259,130 | 2,280,000 | 1,316,310 | 1,271,000 |
| Pretax margin | -2.77% | -3.47% | -5.02% | 9.36% | 7.67% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-66,012K ÷ $2,382,050K
= -2.77%
The pretax margin of ICU Medical Inc has shown fluctuations over the past five years. In December 2020, the pretax margin stood at 7.67%, increasing to 9.36% by December 2021, indicating improved profitability. However, the trend reversed in the following years, with the pretax margin dropping to -5.02% in December 2022, further declining to -3.47% by December 2023, and then to -2.77% by December 2024.
The negative pretax margins in the latter years imply that ICU Medical Inc's operating expenses and other costs are high relative to its revenue, leading to operating losses before accounting for taxes. This negative trend may raise concerns about the company's cost management efficiency and overall profitability. Further analysis and monitoring of the company's financial performance and strategic initiatives would be necessary to address these challenges and improve the pretax margin in the future.
Peer comparison
Dec 31, 2024