N-Able Inc (NABL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 44,326 | 30,425 | 11,592 |
| Revenue | US$ in thousands | 420,409 | 371,392 | 344,291 |
| Pretax margin | 10.54% | 8.19% | 3.37% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $44,326K ÷ $420,409K
= 10.54%
The pretax margin of N-Able Inc has been showing a positive trend over the past three years, increasing from 3.37% in 2021 to 10.54% in 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of income before taxes. The steady improvement in pretax margin suggests that N-Able Inc has been able to enhance its operational efficiency and profitability over the years. This trend is a positive sign for the company's financial health and could potentially attract investors looking for companies with improving profitability metrics.
Peer comparison
Dec 31, 2023