Integer Holdings Corp (ITGR)
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 | 107,294 | 76,985 | 104,851 | 86,207 | 110,311 |
| Revenue | US$ in thousands | 1,533,820 | 1,330,020 | 1,187,800 | 1,040,450 | 1,207,820 |
| Pretax margin | 7.00% | 5.79% | 8.83% | 8.29% | 9.13% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $107,294K ÷ $1,533,820K
= 7.00%
The pretax margin of Integer Holdings Corp has displayed variability over the past five years. In 2023, the pretax margin increased to 6.72% from 5.52% in 2022. This improvement indicates that the company was able to generate more profit before taxes on each dollar of revenue. However, this margin was lower than the levels seen in 2021, where it was 8.28%, 2020 at 8.03%, and 2019 at 8.36%.
It is important to note that while the pretax margin fluctuated, it remained generally within a narrow range between 5.52% and 8.36% over the years. This consistency suggests that Integer Holdings Corp has been effectively managing its costs and expenses relative to its revenue generation.
Further analysis of the underlying factors driving these fluctuations in the pretax margin, such as changes in revenue, expenses, or operational efficiency, would provide valuable insights into the company's financial performance over the period.
Peer comparison
Dec 31, 2023