ICU Medical Inc (ICUI)
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 | -78,299 | -114,409 | 123,186 | 97,494 | 114,707 |
| Revenue | US$ in thousands | 2,259,130 | 2,280,000 | 1,316,310 | 1,271,000 | 1,266,210 |
| Pretax margin | -3.47% | -5.02% | 9.36% | 7.67% | 9.06% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-78,299K ÷ $2,259,130K
= -3.47%
The pretax margin of ICU Medical, Inc. has fluctuated over the past five years. In 2023, the pretax margin improved to -3.47% compared to -5.02% in 2022, indicating better cost management or revenue enhancement strategies. However, the company still operated at a pre-tax loss for the year. The significant decline from 9.36% in 2021 to negative margins in 2022 and 2023 suggest potential operational challenges or external factors impacting profitability. Further analysis would be necessary to identify the specific drivers behind these fluctuations and determine the company's ability to generate profits before taxes efficiently.
Peer comparison
Dec 31, 2023