Insulet Corporation (PODD)

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	214,600	129,100	69,700	5,100	9,800	20,900	41,800	49,500	20,500	-31,400	-33,200	12,600	9,700	35,000	22,700	7,200	14,500	18,561	19,355	16,167
Revenue (ttm)	US$ in thousands	1,697,100	1,557,000	1,465,100	1,368,000	1,305,300	1,243,300	1,178,100	1,141,900	1,098,800	1,069,800	1,016,800	968,800	904,400	835,100	788,794	743,088	704,628	660,135	628,071	575,549
Pretax margin		12.65%	8.29%	4.76%	0.37%	0.75%	1.68%	3.55%	4.33%	1.87%	-2.94%	-3.27%	1.30%	1.07%	4.19%	2.88%	0.97%	2.06%	2.81%	3.08%	2.81%

December 31, 2023 calculation

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

Insulet Corporation's pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin reached 12.65%, a significant increase compared to the previous quarter at 8.29% in Q3 2023. This improvement indicates that the company managed its operating expenses more efficiently or generated higher revenue relative to costs before accounting for taxes.

Looking at the trend over the last year, there has been a noticeable upward trajectory in pretax margin since Q1 2023, where it was at a mere 0.37%. This upward trend from Q1 to Q4 2023 suggests that Insulet Corporation has been making strides in enhancing its profitability before taxes. However, when compared to the same quarter in the previous year, Q4 2022 had a slightly higher pretax margin at 0.75%.

Overall, Insulet Corporation's pretax margin has shown improvement in recent quarters, with Q4 2023 exhibiting a notable rise. Monitoring this metric over time will be crucial to assess the company's ability to maintain and potentially further enhance its profitability.