NeoGenomics Inc (NEO)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -79,871 | -79,833 | -83,435 | -91,058 | -97,097 | -107,335 | -125,508 | -139,901 | -159,342 | -178,022 | -161,568 | -47,099 | -15,076 | 36,695 | 62,087 | -29,305 | -14,056 | -19,188 | -17,919 | 2,203 |
| Revenue (ttm) | US$ in thousands | 660,566 | 644,118 | 628,248 | 610,663 | 591,643 | 574,796 | 551,624 | 529,779 | 509,728 | 496,755 | 489,313 | 485,965 | 484,329 | 484,594 | 488,698 | 453,951 | 444,448 | 425,319 | 404,547 | 419,283 |
| Pretax margin | -12.09% | -12.39% | -13.28% | -14.91% | -16.41% | -18.67% | -22.75% | -26.41% | -31.26% | -35.84% | -33.02% | -9.69% | -3.11% | 7.57% | 12.70% | -6.46% | -3.16% | -4.51% | -4.43% | 0.53% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-79,871K ÷ $660,566K
= -12.09%
The pre-tax margin of NeoGenomics Inc has shown a mixed trend over the analyzed period. Starting from March 31, 2020, where it stood at 0.53%, the margin deteriorated significantly by June 30, 2020, dropping to -4.43%. This negative trend continued through September 30, 2020, and December 31, 2020, with margins of -4.51% and -3.16%, respectively.
However, a notable improvement was observed in the following quarters, with the pretax margin turning positive by June 30, 2021, reaching 12.70%. Although it dipped slightly in the subsequent quarter, the margin remained positive at 7.57% by September 30, 2021.
The margin then experienced a downturn, returning to negative territory by December 31, 2021, and continuing to decline further in the following periods. This downward trend persisted, with pretax margins hitting their lowest point at -35.84% by September 30, 2022.
Despite some fluctuations, the company managed to mitigate the decline in its pretax margin in the later quarters, with a gradual improvement noted up to December 31, 2024, where the margin stood at -12.09%. Overall, the company faced challenges in maintaining a positive pretax margin, reflecting fluctuations in its profitability over the analyzed period.