Omnicell Inc (OMCL)
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 | -20,108 | -2,453 | 66,007 | 29,349 | 73,933 |
| Revenue | US$ in thousands | 1,187,990 | 1,342,310 | 1,144,190 | 925,486 | 945,018 |
| Pretax margin | -1.69% | -0.18% | 5.77% | 3.17% | 7.82% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-20,108K ÷ $1,187,990K
= -1.69%
Omnicell, Inc.'s pretax margin has shown fluctuations over the past five years. In 2023, the company reported a negative pretax margin of -1.75%, indicating that its pre-tax earnings were insufficient to cover its operating expenses. This is a notable decline from the previous year (2022) when the pretax margin was -0.19%.
In 2021, Omnicell, Inc. experienced a significant increase in its pretax margin to 5.83%, reflecting improved profitability and efficiency in managing its operational costs. However, this was followed by a slight decrease in 2022.
Looking back further, in 2020 the company had a pretax margin of 3.29%, showing a moderate level of profitability. The highest pretax margin in the five-year period was recorded in 2019 at 8.24%, indicating strong profitability that year.
In summary, Omnicell, Inc.'s pretax margin has been volatile, with fluctuations in profitability levels over the past five years. The negative trend in 2023 raises concerns about the company's ability to generate sufficient earnings before tax to cover its costs efficiently. Further analysis and scrutiny of the company's financial performance and operational efficiency are recommended.
Peer comparison
Dec 31, 2023