Perdoceo Education Corp (PRDO)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	201,440	180,604	176,330	197,919	192,121	194,172	177,376	137,488	134,269	144,620	150,655	151,909	149,084	151,183	146,611	149,103	146,830	143,552	136,843	100,163
Revenue (ttm)	US$ in thousands	681,263	652,751	662,846	682,670	710,004	738,230	726,727	707,847	695,208	678,922	684,500	692,355	693,034	704,334	699,462	699,958	687,314	674,606	660,439	640,845
Pretax margin		29.57%	27.67%	26.60%	28.99%	27.06%	26.30%	24.41%	19.42%	19.31%	21.30%	22.01%	21.94%	21.51%	21.46%	20.96%	21.30%	21.36%	21.28%	20.72%	15.63%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $201,440K ÷ $681,263K
= 29.57%

Perdoceo Education Corp has shown fluctuating pretax margins over the period from March 31, 2020, to December 31, 2024. The pretax margin ranged from a low of 15.63% in March 31, 2020, to a peak of 29.57% in December 31, 2024.

The trend in the pretax margin indicates a general improvement from 2020 to 2024, with some variability in between. There was a notable increase in pretax margin from June 30, 2023, to December 31, 2024, demonstrating strong profitability during that period.

However, there were instances of slight dips in the pretax margin, such as from December 31, 2022, to March 31, 2023, and from June 30, 2024, to September 30, 2024. These fluctuations could be due to various factors impacting the company's revenues and expenses during those specific quarters.

Overall, the upward trend in the pretax margin reflects improved operational efficiency and profitability for Perdoceo Education Corp over the analyzed period.