Insperity Inc (NSP)

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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	225,078	251,878	242,868	272,386	245,425	207,554	194,088	182,168	168,318	161,594	150,847	187,300	189,270	210,569	218,610	187,356	189,643	196,097	209,899	204,296
Revenue (ttm)	US$ in thousands	6,458,730	6,369,930	6,261,170	6,112,150	5,924,610	5,729,730	5,502,310	5,256,290	4,965,620	4,730,930	4,529,360	4,337,107	4,278,987	4,299,447	4,334,627	4,385,160	4,309,370	4,201,036	4,083,718	3,963,225
Pretax margin		3.48%	3.95%	3.88%	4.46%	4.14%	3.62%	3.53%	3.47%	3.39%	3.42%	3.33%	4.32%	4.42%	4.90%	5.04%	4.27%	4.40%	4.67%	5.14%	5.15%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $225,078K ÷ $6,458,730K
= 3.48%

Insperity Inc's pretax margin has shown some variability over the past eight quarters, ranging from 3.46% in Q1 2022 to 4.44% in Q1 2023. The pretax margin indicates how efficiently the company is operating before considering taxes, with higher margins generally reflecting better operational efficiency.

The company's pretax margin has generally been within a relatively narrow range between 3.46% and 4.44% in the past two years, showing consistent performance in managing expenses and generating pre-tax profits. It is important for Insperity Inc to continue monitoring and potentially improving its pretax margin to ensure sustainable profitability and competitiveness in its industry.