Option Care Health Inc (OPCH)

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	358,742	344,546	326,584	218,710	205,749	187,987	174,440	159,327	116,476	87,914	51,757	12,043	-5,243	-38,464	-80,101	-91,906	-78,171	-61,017	-19,625	-4,888
Revenue (ttm)	US$ in thousands	4,251,080	4,151,540	4,077,230	3,989,405	3,890,933	3,790,437	3,659,454	3,534,435	3,358,250	3,251,039	3,132,128	2,998,508	2,948,508	2,864,574	2,723,428	2,242,266	1,784,399	1,296,066	903,482	892,334
Pretax margin		8.44%	8.30%	8.01%	5.48%	5.29%	4.96%	4.77%	4.51%	3.47%	2.70%	1.65%	0.40%	-0.18%	-1.34%	-2.94%	-4.10%	-4.38%	-4.71%	-2.17%	-0.55%

December 31, 2023 calculation

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

Option Care Health Inc.'s pretax margin has shown a generally positive trend over the past eight quarters, indicating an improving profitability before taxes. The pretax margin has increased from 4.43% in Q1 2022 to 8.34% in Q4 2023, reflecting the company's ability to effectively manage its operating expenses and generate higher profitability from its operations. This indicates that the company has been able to control costs and increase operational efficiency, resulting in a higher proportion of revenue translating into pre-tax profits. Overall, the upward trend in the pretax margin signals improving financial health and efficiency for Option Care Health Inc.