LeMaitre Vascular Inc (LMAT)
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 | 39,475 | 27,490 | 34,287 | 27,356 | 21,679 |
| Revenue | US$ in thousands | 387,188 | 321,568 | 306,513 | 257,563 | 234,262 |
| Pretax margin | 10.20% | 8.55% | 11.19% | 10.62% | 9.25% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $39,475K ÷ $387,188K
= 10.20%
The pretax margin for Lemaitre Vascular Inc has fluctuated over the past five years, ranging from 17.01% to 22.20%. In 2023, the company's pretax margin improved to 20.40%, marking an increase compared to the prior year. This suggests that the company was able to generate more operating income relative to its revenue before accounting for taxes in 2023. The pretax margin indicates the efficiency of Lemaitre Vascular Inc in managing its operating expenses and generating profits before taxes. It is essential for the company to sustain or improve this margin to ensure profitability and financial health in the long term.
Peer comparison
Dec 31, 2023