Lantheus Holdings Inc (LNTH)
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 | 410,943 | 26,719 | -75,038 | -11,479 | 28,627 |
| Revenue | US$ in thousands | 1,276,390 | 927,032 | 418,071 | 329,671 | 330,557 |
| Pretax margin | 32.20% | 2.88% | -17.95% | -3.48% | 8.66% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $410,943K ÷ $1,276,390K
= 32.20%
Lantheus Holdings Inc's pretax margin has exhibited significant fluctuations over the past five years. The company's pretax margin was negative in 2021, indicating that its operating expenses exceeded its operating income before taxes. However, there was a substantial improvement in 2022 and a significant positive pretax margin of 31.70% in 2023, suggesting that the company effectively managed its expenses relative to its revenue.
This positive trend from a negative pretax margin to a strong positive pretax margin in 2023 indicates an improvement in the company's operating efficiency and profitability. It suggests that Lantheus Holdings Inc has potentially implemented cost-saving measures or increased revenue streams to enhance its financial performance.
It is crucial to monitor this metric moving forward to ensure continued positive trends and sustainability in Lantheus Holdings Inc's financial performance.
Peer comparison
Dec 31, 2023