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