Merit Medical Systems Inc (MMSI)
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 | 149,993 | 112,089 | 82,629 | 53,917 | -13,231 |
| Revenue | US$ in thousands | 1,354,690 | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 |
| Pretax margin | 11.07% | 9.06% | 7.23% | 5.04% | -1.39% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $149,993K ÷ $1,354,690K
= 11.07%
The pretax margin of Merit Medical Systems Inc has displayed a noticeable improvement over the past years. In December 31, 2020, the company had a negative pretax margin of -1.39%, indicating a loss before taxes. However, by December 31, 2024, the pretax margin has increased to a positive 11.07%, reflecting the company's ability to generate more profit before taxes from its operations.
The upward trend in pretax margin signifies that the company has been able to effectively manage its costs and expenses while increasing its operational efficiency and profitability. This improvement indicates a positive trajectory for Merit Medical Systems Inc in terms of its financial performance and overall business operations.
Peer comparison
Dec 31, 2024