Molina Healthcare Inc (MOH)

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	1,464,000	1,063,000	875,000	961,000	972,000
Revenue	US$ in thousands	34,072,000	31,974,000	27,771,000	19,423,000	16,829,000
Pretax margin		4.30%	3.32%	3.15%	4.95%	5.78%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $1,464,000K ÷ $34,072,000K
= 4.30%

The pretax margin of Molina Healthcare Inc has varied over the past five years. It decreased from 5.78% in 2019 to 4.95% in 2020, before further declining to 3.15% in 2021. However, there was a notable recovery in 2022 when the pretax margin improved to 3.32%. The most recent data for December 31, 2023, indicates a further increase in the pretax margin to 4.30%. Overall, the trend suggests some volatility in the company's ability to generate profits before taxes, with fluctuations in the margin over the years.