Perficient Inc (PRFT)

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	136,433	140,961	62,483	40,329	47,941
Revenue	US$ in thousands	906,541	905,062	732,031	607,596	565,527
Pretax margin		15.05%	15.57%	8.54%	6.64%	8.48%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $136,433K ÷ $906,541K
= 15.05%

The pretax margin of Perficient Inc. has shown some fluctuations over the past five years. It increased from 8.48% in 2019 to 15.57% in 2022, indicating an improving profitability trend. However, in 2023, the pretax margin decreased slightly to 15.06%. Despite this reduction, the company has maintained a relatively healthy level of profitability compared to the preceding years, with the pretax margin ranging between 6.59% to 15.57%. Overall, Perficient Inc. has demonstrated a consistent ability to generate profits before accounting for taxes, albeit with some variability in performance from year to year.