Owens & Minor Inc (OMI)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -54,726 | -171,150 | -140,571 | -71,147 | 10,888 | 156,231 | 187,140 | 232,993 | 276,754 | 295,551 | 298,532 | 163,571 | 51,706 | -58,439 | -112,610 | -73,587 | -68,506 | -317,388 | -319,171 | -498,171 |
| Revenue (ttm) | US$ in thousands | 10,333,970 | 10,228,930 | 10,134,590 | 10,071,380 | 9,955,480 | 9,871,520 | 9,876,300 | 9,865,740 | 9,785,320 | 9,680,010 | 9,365,760 | 8,684,020 | 8,480,180 | 8,308,980 | 8,413,800 | 8,982,780 | 9,210,930 | 9,142,750 | 9,314,880 | 9,396,450 |
| Pretax margin | -0.53% | -1.67% | -1.39% | -0.71% | 0.11% | 1.58% | 1.89% | 2.36% | 2.83% | 3.05% | 3.19% | 1.88% | 0.61% | -0.70% | -1.34% | -0.82% | -0.74% | -3.47% | -3.43% | -5.30% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-54,726K ÷ $10,333,970K
= -0.53%
Owens & Minor, Inc.'s pretax margin has shown a declining trend over the past eight quarters, indicating a decrease in the company's profitability before accounting for taxes. In Q4 2023, the pretax margin was -0.53%, a slight improvement from the previous quarter but still negative. This negative trend was consistent throughout the year, with Q3 2023 at -1.67%, Q2 2023 at -1.39%, and Q1 2023 at -0.71%.
Comparing these figures to the same quarters in the previous year, Owens & Minor, Inc.'s performance in Q4 2023 is a significant deviation from the positive pretax margins seen in Q4 2022 (0.11%) and earlier. The company's profitability has been impacted, potentially by declining revenues or increasing expenses, resulting in lower pretax margins.
Overall, the decreasing pretax margin trend for Owens & Minor, Inc. warrants further investigation into the factors influencing the company's profitability and highlights the need for management to address any underlying issues to improve financial performance.
Peer comparison
Dec 31, 2023