LeMaitre Vascular Inc (LMAT)

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	39,475	35,960	32,282	27,511	27,490	27,597	29,883	34,790	34,287	35,313	36,257	30,569	27,356	23,613	20,125	21,446	21,679	23,742	22,582	28,041
Revenue (ttm)	US$ in thousands	289,940	282,011	312,579	295,977	281,639	280,188	278,441	275,316	267,547	265,592	262,196	231,031	220,642	213,264	198,609	208,001	203,956	202,175	168,273	142,095
Pretax margin		13.61%	12.75%	10.33%	9.29%	9.76%	9.85%	10.73%	12.64%	12.82%	13.30%	13.83%	13.23%	12.40%	11.07%	10.13%	10.31%	10.63%	11.74%	13.42%	19.73%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $39,475K ÷ $289,940K
= 13.61%

To analyze Lemaitre Vascular Inc's pretax margin trend, we observe a fluctuation in the pretax margin over the past eight quarters. The pretax margin has ranged from a low of 16.26% in Q1 2023 to a high of 22.00% in Q1 2022. This indicates variations in the company's ability to generate profits before accounting for taxes.

The pretax margin peaked in Q1 2022 at 22.00% and has since experienced a gradual decline, reaching a low of 16.26% in Q1 2023. This downward trend suggests potential challenges in managing expenses or generating sufficient revenue to maintain profitability.

It is noteworthy that the pretax margin has shown some stability in the most recent quarters, hovering around 19-20%. Maintaining a consistent pretax margin within this range indicates a level of operational efficiency and profitability that the company has been able to sustain.

Overall, Lemaitre Vascular Inc's pretax margin analysis reveals both the company's ability to generate profits before tax expenses and the challenges it faces in maintaining consistent profitability levels. Continued monitoring of the pretax margin will be crucial to assess the company's financial performance and strategic decision-making in the future.