Owens & Minor Inc (OMI)

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 -54,726 10,891 276,754 51,705 -68,506
Revenue US$ in thousands 10,334,000 9,955,480 9,785,320 8,480,180 9,210,940
Pretax margin -0.53% 0.11% 2.83% 0.61% -0.74%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $-54,726K ÷ $10,334,000K
= -0.53%

Owens & Minor, Inc.'s pretax margin has shown fluctuations over the past five years. In 2023, the company reported a negative pretax margin of -0.53%, indicating that its pre-tax profits were lower than its total revenue. This decline from the previous year's pretax margin of 0.11% suggests a decrease in the company's efficiency in managing expenses and generating profits before taxes.

Comparing the pretax margin to 2021, when it stood at 2.83%, there has been a significant decline in profitability. This decrease could raise concerns about the company's ability to control costs effectively and optimize revenue generation. It is essential for Owens & Minor, Inc. to address the factors contributing to this decline in pretax margin to enhance its profitability and financial performance in the future.


Peer comparison

Dec 31, 2023

Company name
Symbol
Pretax margin
Owens & Minor Inc
OMI
-0.53%
Henry Schein Inc
HSIC
4.37%
Patterson Companies Inc
PDCO
3.71%