Mednax Inc (MD)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -101,341 | -273,519 | -267,922 | -61,247 | -48,359 | 118,315 | 126,342 | 130,428 | 81,370 | 107,061 | 111,636 | 106,493 | 135,228 | 92,069 | 52,660 | 25,743 | 11,530 | 41,981 | -1,348,074 | -1,306,415 |
| Revenue (ttm) | US$ in thousands | 2,012,919 | 2,006,998 | 2,002,452 | 1,998,733 | 1,994,640 | 2,012,041 | 1,995,344 | 1,980,800 | 1,972,021 | 1,956,707 | 1,959,741 | 1,946,667 | 1,911,191 | 1,829,291 | 1,796,977 | 1,833,221 | 2,232,386 | 2,721,131 | 3,149,171 | 3,508,277 |
| Pretax margin | -5.03% | -13.63% | -13.38% | -3.06% | -2.42% | 5.88% | 6.33% | 6.58% | 4.13% | 5.47% | 5.70% | 5.47% | 7.08% | 5.03% | 2.93% | 1.40% | 0.52% | 1.54% | -42.81% | -37.24% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-101,341K ÷ $2,012,919K
= -5.03%
The pretax margin of Mednax Inc has experienced fluctuations over the given periods. It started with negative margins in March 2020 and June 2020, which improved to positive margins by September 2020 and December 2020. The trend continued to show growth, with increasing pretax margins through March 2022. The highest pretax margin was recorded in December 2021 at 7.08%.
However, from March 2022 to September 2024, the pretax margin started to decline, reaching negative values again by December 2023. The most significant drop was observed in June 2024 and September 2024, where the pretax margin fell to -13.38% and -13.63% respectively. By the end of December 2024, the pretax margin slightly improved to -5.03%.
Overall, while there were periods of positive growth in the pretax margin, there were also significant declines, particularly in the later periods, indicating potential challenges in maintaining profitability for Mednax Inc.
Peer comparison
Dec 31, 2024