Envista Holdings Corp (NVST)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -54,900 | 289,000 | 331,500 | -29,200 | 267,200 |
| Revenue | US$ in thousands | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 | 2,284,800 |
| Pretax margin | -2.14% | 11.25% | 13.21% | -1.51% | 11.69% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-54,900K ÷ $2,566,500K
= -2.14%
The pretax margin of Envista Holdings Corp has shown fluctuating performance over the past five years. In 2023, the pretax margin decreased significantly to -2.14%, indicating that the company's profitability before taxes took a downturn. This decline is in contrast to the previous year, 2022, when the pretax margin stood at a much healthier 11.05%.
Looking at historical trends, the company's pretax margin was also robust in 2021 at 10.14%, demonstrating a strong profitability before taxes. However, in 2020, Envista Holdings Corp experienced a negative pretax margin of -1.32%, indicating financial challenges that year. The most recent positive performance before 2023 was in 2019, with a pretax margin of 10.01%.
Overall, Envista Holdings Corp's pretax margin has been subject to fluctuations, with varying levels of profitability before taxes in recent years. The company may need to focus on improving its operational efficiency and cost management to enhance its profitability in the future.
Peer comparison
Dec 31, 2023