Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -54,900 | 235,800 | 261,200 | 254,300 | 289,000 | 293,800 | 315,200 | 334,600 | 331,500 | 319,100 | 286,900 | 83,500 | -32,000 | -33,800 |
| Revenue (ttm) | US$ in thousands | 2,560,900 | 2,546,100 | 2,549,700 | 2,544,100 | 2,565,100 | 2,583,600 | 2,571,400 | 2,569,200 | 2,550,300 | 2,514,600 | 2,547,800 | 2,272,600 | 2,207,200 | 2,270,200 |
| Pretax margin | -2.14% | 9.26% | 10.24% | 10.00% | 11.27% | 11.37% | 12.26% | 13.02% | 13.00% | 12.69% | 11.26% | 3.67% | -1.45% | -1.49% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-54,900K ÷ $2,560,900K
= -2.14%
The pretax margin of Envista Holdings Corp has exhibited fluctuations over the past eight quarters. In Q4 2023, the pretax margin was negative at -2.14%, indicating that the company incurred a pre-tax loss relative to its revenue. This contrasts with the positive pretax margins reported in the previous three quarters of 2023, which ranged from 9.13% to 10.20%. Comparing these figures to the same quarters in 2022, Envista Holdings Corp's pretax margin has been slightly lower in 2023, with Q4 2022 showing the highest pretax margin at 11.05%.
It is worth noting that a negative pretax margin in Q4 2023 may raise concerns about the company's profitability and operational efficiency during that period. Analysts and investors may scrutinize the factors contributing to the negative margin and assess management actions to address any underlying issues. Overall, the trend in Envista Holdings Corp's pretax margin indicates some variability in profitability performance over the past eight quarters, highlighting the importance of monitoring and understanding the company's financial results.
Peer comparison
Dec 31, 2023