Insulet Corporation (PODD)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	300,200	214,600	9,800	20,500	9,700
Revenue	US$ in thousands	2,071,600	1,697,100	1,305,300	1,098,800	904,400
Pretax margin		14.49%	12.65%	0.75%	1.87%	1.07%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $300,200K ÷ $2,071,600K
= 14.49%

Insulet Corporation's pretax margin has shown fluctuations over the years. In December 31, 2020, the pretax margin was relatively low at 1.07%, indicating that the company's profitability before taxes was modest. However, there was a notable improvement in December 31, 2021, with the pretax margin increasing to 1.87%, suggesting a better efficiency in managing expenses or generating revenue.

Subsequently, in December 31, 2022, the pretax margin dropped to 0.75%, signaling potential challenges in controlling costs or driving revenue growth. However, there was a significant turnaround in December 31, 2023, as the pretax margin surged to 12.65%, indicating a sharp improvement in profitability performance.

The positive trend continued into December 31, 2024, with the pretax margin further increasing to 14.49%, reflecting continued growth and efficiency in the company's operations. Overall, the fluctuations in Insulet Corporation's pretax margin highlight the company's ability to adapt to changing market conditions and optimize its profitability over the years.