Laboratory Corporation of America Holdings (LH)
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 | 958,400 | 606,500 | 1,581,100 | 3,124,400 | 2,218,200 |
| Revenue | US$ in thousands | 13,008,900 | 12,161,600 | 11,863,900 | 16,120,900 | 13,978,500 |
| Pretax margin | 7.37% | 4.99% | 13.33% | 19.38% | 15.87% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $958,400K ÷ $13,008,900K
= 7.37%
The pretax margin of Laboratory Corporation of America Holdings has shown some fluctuations over the past five years. In December 2020, the pretax margin was 15.87%, which increased to 19.38% by December 2021, indicating improved profitability during that period. However, there was a decline in pretax margin to 13.33% by December 2022. The company experienced a significant decrease in profitability in December 2023, as the pretax margin dropped to 4.99%. By December 2024, there was a slight recovery with a pretax margin of 7.37%.
Overall, the trend in pretax margin for Laboratory Corporation of America Holdings reflects some volatility, with fluctuations in profitability levels. It is important for the company to closely monitor and manage its operating expenses, revenues, and tax obligations to ensure sustainable and consistent profitability in the future.
Peer comparison
Dec 31, 2024