LivaNova PLC (LIVN)
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 | -81,330 | -75,195 | -124,620 | -349,779 | -188,013 |
| Revenue | US$ in thousands | 1,093,990 | 973,933 | 923,733 | 894,804 | 1,069,080 |
| Pretax margin | -7.43% | -7.72% | -13.49% | -39.09% | -17.59% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-81,330K ÷ $1,093,990K
= -7.43%
The pretax margin of LivaNova PLC has shown a mixed trend over the past five years. The company experienced significant fluctuations in its pretax margin, ranging from as low as -36.85% in 2020 to -7.05% in 2023. The pretax margin was consistently negative during this period, indicating that the company's expenses and operational costs have generally outpaced its revenue generation. This suggests that LivaNova PLC has faced challenges in achieving profitability before accounting for taxes and other non-operating items. Further analysis is needed to understand the specific factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023