Molina Healthcare Inc (MOH)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,464,000	1,253,000	1,228,000	1,146,000	1,063,000	1,121,000	1,005,000	914,000	875,000	790,000	861,000	1,013,000	961,000	1,132,000	1,103,000	965,000	972,000	1,006,000	1,032,000	1,080,000
Revenue (ttm)	US$ in thousands	34,072,000	33,247,000	32,626,000	32,353,000	31,974,000	31,160,000	30,273,000	29,019,000	27,771,000	25,597,000	23,578,000	21,396,000	19,423,000	18,462,000	17,684,000	17,259,000	16,829,000	17,219,000	17,673,000	18,363,000
Pretax margin		4.30%	3.77%	3.76%	3.54%	3.32%	3.60%	3.32%	3.15%	3.15%	3.09%	3.65%	4.73%	4.95%	6.13%	6.24%	5.59%	5.78%	5.84%	5.84%	5.88%

December 31, 2023 calculation

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

Molina Healthcare Inc's pretax margin has shown a general upward trend over the past eight quarters. It increased from 3.15% in Q1 2022 to 4.30% in Q4 2023, indicating a positive performance in generating profits before taxes relative to its total revenue. This improvement suggests that the company has been effectively managing its operating expenses and operating income. Despite some fluctuations, the overall trend signals potential operational efficiency and profitability for Molina Healthcare Inc.