National HealthCare Corporation (NHC)
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 | 136,249 | 167,246 | 123,415 | 109,764 | 90,248 | 61,334 | 43,469 | 25,347 | 29,699 | 42,339 | 38,470 | 141,552 | 149,541 | 165,892 | 186,570 | 117,281 | 52,304 | 33,646 | 43,034 | 23,112 |
| Revenue (ttm) | US$ in thousands | 1,307,382 | 1,238,946 | 1,187,233 | 1,169,157 | 1,141,544 | 1,105,183 | 1,087,541 | 1,076,318 | 1,085,738 | 1,104,619 | 1,110,513 | 1,102,312 | 1,074,302 | 1,050,693 | 1,024,582 | 1,023,066 | 1,028,217 | 1,022,272 | 1,018,713 | 1,004,222 |
| Pretax margin | 10.42% | 13.50% | 10.40% | 9.39% | 7.91% | 5.55% | 4.00% | 2.35% | 2.74% | 3.83% | 3.46% | 12.84% | 13.92% | 15.79% | 18.21% | 11.46% | 5.09% | 3.29% | 4.22% | 2.30% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $136,249K ÷ $1,307,382K
= 10.42%
The pretax margin of National HealthCare Corporation has fluctuated over the past few years, ranging from a low of 2.30% in March 2020 to a peak of 18.21% in June 2021. The company experienced a significant improvement in its pretax margin during the first half of 2021, followed by some fluctuations in the subsequent periods.
The pretax margin reached its highest point in June 2021 but has since moderated, hovering around the range of 10-15% in the most recent quarters. This suggests that the company is effectively managing its operating expenses in relation to its revenue, although there have been fluctuations in profitability over time.
Overall, the trend in National HealthCare Corporation's pretax margin indicates some variability in its profitability performance, with a notable improvement in 2021 followed by some fluctuations in subsequent periods. It will be important for the company to maintain a balance between revenue growth and managing expenses to sustain and potentially improve its pretax margin in the future.
Peer comparison
Dec 31, 2024