Perdoceo Education Corp (PRDO)
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 | 201,440 | 192,121 | 134,269 | 149,084 | 146,830 |
| Revenue | US$ in thousands | 681,263 | 710,004 | 695,208 | 693,034 | 687,314 |
| Pretax margin | 29.57% | 27.06% | 19.31% | 21.51% | 21.36% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $201,440K ÷ $681,263K
= 29.57%
Perdoceo Education Corp's pretax margin has shown fluctuations over the years based on the provided data. The pretax margin stood at 21.36% as of December 31, 2020, and slightly increased to 21.51% by December 31, 2021. However, there was a decrease in the pretax margin to 19.31% by December 31, 2022.
Subsequently, there was a significant improvement in the pretax margin, reaching 27.06% by December 31, 2023, and further increasing to 29.57% by December 31, 2024. These upward trends in pretax margin indicate that Perdoceo Education Corp has managed to enhance its profitability before accounting for taxes in recent years.
It is essential for stakeholders to monitor these fluctuations in pretax margin to assess the company's operational efficiency and profitability trends over time.
Peer comparison
Dec 31, 2024