Option Care Health Inc (OPCH)

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	358,742	205,756	116,498	-5,243	-78,194
Revenue	US$ in thousands	4,251,080	3,890,930	3,358,250	2,913,300	2,305,570
Pretax margin		8.44%	5.29%	3.47%	-0.18%	-3.39%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $358,742K ÷ $4,251,080K
= 8.44%

Option Care Health Inc.'s pretax margin has shown a positive trend over the past five years. The pretax margin increased from -3.38% in 2019 to 8.34% in 2023, indicating an improvement in the company's ability to generate profits before accounting for taxes. This suggests that the company has been able to effectively manage its costs and increase operational efficiency. The consistent growth in pretax margin from negative figures to positive percentages signifies a positive trajectory in the company's financial performance and profitability.