Insulet Corporation (PODD)

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	214,600	9,800	20,500	9,700	14,500
Revenue	US$ in thousands	1,697,100	1,305,300	1,098,800	904,400	695,500
Pretax margin		12.65%	0.75%	1.87%	1.07%	2.08%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $214,600K ÷ $1,697,100K
= 12.65%

Insulet Corporation's pretax margin has exhibited fluctuations over the past five years. The pretax margin significantly increased to 12.65% in Dec 31, 2023, a substantial improvement from the previous year's 0.75%. This uptrend indicates that the company has been able to manage its operating expenses more efficiently and generate higher profits before taxes relative to its revenue. However, caution should be exercised in assessing the sustainability of this sharp increase and whether it is indicative of long-term profitability or perhaps driven by temporary factors. Further analysis of Insulet Corporation's financial performance, including revenue growth trends and cost management strategies, would provide a more holistic view of the company's financial health.