LivaNova PLC (LIVN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 88,292 | -62,501 | -108,989 | -125,297 | -81,330 | 19,348 | -84,691 | -70,984 | -75,195 | -83,899 | -19,435 | -90,973 | -124,620 | -421,872 | -399,091 | -369,642 | -349,779 | -200,361 | -160,092 | -172,341 |
| Revenue (ttm) | US$ in thousands | 1,207,181 | 1,181,723 | 1,134,930 | 1,096,381 | 1,093,987 | 1,057,777 | 1,026,749 | 989,010 | 971,142 | 983,022 | 925,125 | 933,289 | 932,621 | 932,112 | 974,900 | 901,723 | 907,604 | 925,639 | 964,065 | 1,062,089 |
| Pretax margin | 7.31% | -5.29% | -9.60% | -11.43% | -7.43% | 1.83% | -8.25% | -7.18% | -7.74% | -8.53% | -2.10% | -9.75% | -13.36% | -45.26% | -40.94% | -40.99% | -38.54% | -21.65% | -16.61% | -16.23% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $88,292K ÷ $1,207,181K
= 7.31%
The pretax margin of LivaNova PLC has exhibited a fluctuating trend over the given periods, reflecting the company's ability to generate earnings before taxes relative to its total revenue. The pretax margin started with negative figures ranging from -16.23% to -38.54% in the first half of 2020, indicating operational challenges impacting profitability.
During the subsequent quarters in 2020 and early 2021, the pretax margin continued to show negative values, reaching its lowest point of -45.26% in September 2021. This period may have been characterized by significant expenses or lower revenue relative to costs.
However, a turnaround in the company's performance was noticeable from the second half of 2021 to the end of 2024. The pretax margin gradually improved, shifting from negative to positive figures. This positive momentum culminated in a notable pretax margin of 7.31% by December 31, 2024, suggesting enhanced operational efficiency and profitability for LivaNova PLC.
Overall, the trend indicates initial challenges followed by a recovery and improvement in the company's pretax margin, signaling potential positive developments in its financial performance and profitability.
Peer comparison
Dec 31, 2024