Perrigo Company PLC (PRGO)
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 | -80,700 | -8,300 | -139,100 | 258,700 | -149,400 |
| Revenue | US$ in thousands | 4,373,400 | 4,655,600 | 4,451,600 | 4,138,700 | 5,063,300 |
| Pretax margin | -1.85% | -0.18% | -3.12% | 6.25% | -2.95% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-80,700K ÷ $4,373,400K
= -1.85%
Perrigo Company PLC's pretax margin has exhibited fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The company experienced a negative pretax margin in 2020, indicating that its pre-tax income was insufficient to cover operating expenses. However, there was a notable improvement in 2021, with the pretax margin increasing to 6.25%, signaling a stronger ability to generate profits before taxes.
Subsequently, the pretax margin declined in 2022, dropping to -3.12%, suggesting potential challenges or increased costs impacting profitability. Despite a slight recovery in 2023, with a pretax margin of -0.18%, the company continued to face difficulties in maintaining positive pre-tax profitability. In the most recent period, December 31, 2024, Perrigo's pretax margin remained negative at -1.85%, indicating ongoing struggles to generate sustainable profits before tax expenses.
Overall, Perrigo Company PLC's pretax margin analysis reflects a mix of performance outcomes over the five-year period, with variations in profitability levels and challenges in achieving consistent positive pre-tax earnings.
Peer comparison
Dec 31, 2024