Lantheus Holdings Inc (LNTH)

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	410,943	96,297	19,357	-42,286	26,719	161,955	59,102	-31,479	-75,038	-36,874	-24,499	-2,666	-11,479	-6,240	6,579	21,392	28,627	43,524	51,002	54,856
Revenue (ttm)	US$ in thousands	1,276,389	1,187,351	1,109,989	1,015,127	927,032	795,018	657,874	534,885	418,071	381,423	366,815	331,865	329,671	327,749	325,304	339,127	332,643	342,560	343,779	346,682
Pretax margin		32.20%	8.11%	1.74%	-4.17%	2.88%	20.37%	8.98%	-5.89%	-17.95%	-9.67%	-6.68%	-0.80%	-3.48%	-1.90%	2.02%	6.31%	8.61%	12.71%	14.84%	15.82%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $410,943K ÷ $1,276,389K
= 32.20%

The pretax margin of Lantheus Holdings Inc has displayed significant fluctuations over the past eight quarters. In Q4 2023, the company achieved a high pretax margin of 31.70%, showcasing strong profitability before considering taxes. This represents a considerable improvement compared to the previous quarters, where the pretax margin ranged from 7.99% in Q3 2023 to -5.81% in Q1 2022.

The positive pretax margins in recent quarters indicate that Lantheus Holdings Inc has been effectively managing its operational expenses and generating healthy revenues. However, the negative pretax margins in Q1 2023 and Q1 2022 suggest that the company faced challenges that impacted its profitability during those periods.

Overall, the trend in pretax margin reflects fluctuations in the company's financial performance, with Q4 2023 standing out as a particularly strong quarter in terms of profitability before taxes. Continued monitoring and analysis of this metric will be essential to assess the company's financial health and operational efficiency.