Innoviva Inc (INVA)
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 | 194,098 | 280,608 | 342,293 | 284,833 | 199,190 |
| Revenue | US$ in thousands | 291,306 | 294,888 | 372,796 | 318,463 | 242,036 |
| Pretax margin | 66.63% | 95.16% | 91.82% | 89.44% | 82.30% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $194,098K ÷ $291,306K
= 66.63%
The pretax margin of Innoviva Inc has displayed fluctuations over the past five years. The pretax margin was 62.52% in 2023, lower than the previous year but significantly higher than in 2019. In 2022, the pretax margin was notably high at 86.60%, while in 2021 it reached its peak at 113.63%. In 2020 and 2019, the pretax margins were relatively high at 105.18% and 89.23%, respectively.
Overall, the pretax margin of Innoviva Inc has demonstrated variability, with fluctuations reflecting changes in the company's profitability before taking into account taxes. It is essential for the company to assess the reasons behind these fluctuations to maintain stable and sustainable profitability in the future.
Peer comparison
Dec 31, 2023