N-Able Inc (NABL)

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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	44,326	37,903	32,617	29,936	30,425	20,203	21,137	18,255
Revenue (ttm)	US$ in thousands	423,324	410,532	396,492	382,039	373,927	365,298	360,194	353,907
Pretax margin		10.47%	9.23%	8.23%	7.84%	8.14%	5.53%	5.87%	5.16%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $44,326K ÷ $423,324K
= 10.47%

The pretax margin of N-Able Inc has shown a generally positive trend over the past eight quarters, indicating an improvement in the company's ability to generate profits before taxes relative to its revenue. The pretax margin has gradually increased from 5.16% in the first quarter of 2022 to 10.47% in the fourth quarter of 2023.

This improvement suggests that N-Able Inc has been effective in managing its expenses and operating costs while increasing its revenue levels. A rising pretax margin typically indicates better operational efficiency and profitability.

However, it is important to note that fluctuations in economic conditions, industry competition, or internal operational challenges could impact the pretax margin in the future. Overall, the increasing trend in N-Able Inc's pretax margin is a positive indicator of the company's financial performance and management effectiveness.