Inari Medical Inc (NARI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,246 | -26,185 | 10,685 | 13,789 |
| Revenue | US$ in thousands | 493,364 | 383,471 | 276,984 | 139,670 |
| Pretax margin | 0.86% | -6.83% | 3.86% | 9.87% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $4,246K ÷ $493,364K
= 0.86%
Inari Medical Inc's pretax margin has shown fluctuating performance over the past four years, as indicated by the data provided. The company's pretax margin was 0.86% as of December 31, 2023, marking an improvement compared to the negative pretax margin of -6.83% in December 31, 2022. However, the current pretax margin of 0.86% is significantly lower than the pretax margin recorded in December 31, 2021, which stood at 3.86%. The highest pretax margin was observed in December 31, 2020, at 9.87%.
This analysis suggests that Inari Medical Inc's profitability before taxes has been variable in recent years, with fluctuations in the company's ability to generate earnings relative to its total revenue. It is important for stakeholders to monitor the trend in pretax margin to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023