Grand Canyon Education Inc (LOPE)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 291,315 | 259,675 | 240,119 | 331,289 | 333,140 |
| Revenue | US$ in thousands | 1,033,060 | 960,866 | 911,304 | 897,963 | 839,694 |
| Pretax margin | 28.20% | 27.03% | 26.35% | 36.89% | 39.67% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $291,315K ÷ $1,033,060K
= 28.20%
Grand Canyon Education Inc's pretax margin has shown a gradual decline over the years, starting at 39.67% on December 31, 2020, and decreasing to 36.89% by December 31, 2021. The trend continued with a more significant drop to 26.35% by December 31, 2022. However, there was a slight improvement in profitability as of December 31, 2023, with the pretax margin increasing to 27.03%, followed by a further increase to 28.20% by December 31, 2024. This indicates that the company experienced some challenges in maintaining its pretax profitability but managed to make some progress in recent years. It is important for Grand Canyon Education Inc to closely monitor and manage its cost structure and revenue streams to sustain and improve its pretax margin in the future.
Peer comparison
Dec 31, 2024