Medpace Holdings Inc (MEDP)
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 | 475,922 | 335,682 | 282,860 | 201,852 | 168,532 |
| Revenue | US$ in thousands | 2,108,550 | 1,883,940 | 1,519,300 | 1,145,160 | 926,439 |
| Pretax margin | 22.57% | 17.82% | 18.62% | 17.63% | 18.19% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $475,922K ÷ $2,108,550K
= 22.57%
The pretax margin of Medpace Holdings Inc has shown some fluctuations over the years, as indicated by the data provided. In 2020, the pretax margin was at 18.19%, which then slightly decreased to 17.63% by the end of 2021. However, the company managed to improve its pretax margin in 2022, reaching 18.62%.
In the following year, 2023, there was a slight decrease in the pretax margin to 17.82%. Notably, in the most recent year, 2024, Medpace Holdings Inc saw a significant increase in its pretax margin, which stood at 22.57%.
Overall, these variations in pretax margin indicate the company's ability to manage its operating expenses and generate profits before taxes, with the notable improvement in 2024 suggesting potential efficiency gains or revenue growth strategies implemented by the company during that period.
Peer comparison
Dec 31, 2024