NV5 Global Inc (NVEE)
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 | 48,210 | 47,088 | 53,216 | 58,139 | 62,375 | 71,082 | 71,237 | 66,508 | 62,105 | 48,004 | 41,036 | 30,611 | 28,968 | 27,989 | 24,885 | 27,466 | 28,932 | 33,409 | 35,529 | 35,089 |
| Revenue (ttm) | US$ in thousands | 1,259,381 | 1,179,473 | 1,145,347 | 1,121,586 | 1,126,509 | 1,091,459 | 1,072,465 | 1,048,555 | 1,010,092 | 967,430 | 949,570 | 930,193 | 941,447 | 619,405 | 583,798 | 552,757 | 507,709 | 490,455 | 463,578 | 439,429 |
| Pretax margin | 3.83% | 3.99% | 4.65% | 5.18% | 5.54% | 6.51% | 6.64% | 6.34% | 6.15% | 4.96% | 4.32% | 3.29% | 3.08% | 4.52% | 4.26% | 4.97% | 5.70% | 6.81% | 7.66% | 7.99% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $48,210K ÷ $1,259,381K
= 3.83%
NV5 Global Inc's pretax margin has shown some fluctuations over the past few quarters. The pretax margin represents the company's profitability before taxes relative to its revenue.
The trend in the pretax margin for NV5 Global Inc has been generally decreasing over the past few quarters. It reached a high of 7.99% in the first quarter of 2019 and has gradually trended downwards since then. As of December 31, 2023, the pretax margin stood at 3.83%, indicating that for every dollar of revenue generated, the company is generating $0.0383 in pretax profit.
The downward trend in the pretax margin could indicate challenges in maintaining profitability, potentially due to factors such as increasing operating expenses, pricing pressures, or changes in the revenue mix. It's important for the company to closely monitor and manage its cost structures and explore strategies to improve efficiency and profitability to reverse this trend.
Peer comparison
Dec 31, 2023