Merit Medical Systems Inc (MMSI)
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 | 112,089 | 82,629 | 53,917 | -13,231 | 2,193 |
| Revenue | US$ in thousands | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 | 982,685 |
| Pretax margin | 9.06% | 7.23% | 5.04% | -1.39% | 0.22% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $112,089K ÷ $1,236,650K
= 9.06%
The pre-tax margin of Merit Medical Systems, Inc. has shown a positive trend over the past five years, indicating an improvement in the company's operational efficiency and profitability before accounting for taxes.
The pretax margin increased from 0.22% in 2019 to 8.91% in 2023, implying a significant enhancement in the company's ability to generate profits relative to its total revenue. This upward trajectory suggests that the company has been effectively managing its costs and expenses while increasing its revenue streams.
Moreover, the significant improvement in pretax margin from 2020 (-1.37%) to 2023 (8.91%) is particularly noteworthy, demonstrating Merit Medical Systems' successful efforts in enhancing its operational performance and financial stability.
Overall, the positive trend in pretax margin reflects improved profitability and operational efficiency for Merit Medical Systems, Inc. over the past five years.
Peer comparison
Dec 31, 2023