Integer Holdings Corp (ITGR)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 107,294 | 99,585 | 84,503 | 79,034 | 76,985 | 81,282 | 87,466 | 93,821 | 104,851 | 96,938 | 105,159 | 74,546 | 86,207 | 77,934 | 82,033 | 121,535 | 110,331 | 125,924 | 75,965 | 68,093 |
| Revenue (ttm) | US$ in thousands | 1,533,846 | 1,492,296 | 1,435,589 | 1,388,858 | 1,330,022 | 1,281,365 | 1,247,921 | 1,209,740 | 1,187,800 | 1,149,039 | 1,089,308 | 1,025,616 | 1,073,442 | 1,130,120 | 1,184,617 | 1,246,095 | 1,218,156 | 1,195,553 | 1,146,376 | 1,143,613 |
| Pretax margin | 7.00% | 6.67% | 5.89% | 5.69% | 5.79% | 6.34% | 7.01% | 7.76% | 8.83% | 8.44% | 9.65% | 7.27% | 8.03% | 6.90% | 6.92% | 9.75% | 9.06% | 10.53% | 6.63% | 5.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $107,294K ÷ $1,533,846K
= 7.00%
To analyze Integer Holdings Corp's pretax margin over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the pretax margin was 6.72%, showing a slight improvement compared to Q3 2023 at 6.33%. However, this uptick follows a downward trend from Q2 2023 at 5.59%. In Q1 2023, there was a minor increase from the previous quarter at 5.40%.
Comparing the recent quarters to the same periods in the prior year, Q4 2023 pretax margin is slightly higher than Q4 2022, where it stood at 5.52%. Nonetheless, there has been a general decrease over the year, with pretax margin at 6.54% in Q3 2022, 7.25% in Q2 2022, and 7.25% in Q1 2022.
The pretax margin serves as a key indicator of a company's operational efficiency and profitability before taxes are factored in. Integer Holdings Corp's fluctuating pretax margin suggests varying levels of cost management, revenue generation, and overall financial performance during the observed period. Engaging in a deeper analysis to understand the underlying factors contributing to these fluctuations may provide insights into the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023