Proto Labs Inc (PRLB)
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 | 24,672 | 27,952 | -97,877 | 40,184 | 62,945 |
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Pretax margin | 4.93% | 5.55% | -20.04% | 8.23% | 14.49% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $24,672K ÷ $500,890K
= 4.93%
Proto Labs Inc's pretax margin has shown fluctuations over the past five years. In 2020, the pretax margin was at a healthy 14.49%, indicating the company was able to generate good profits before tax expenses. However, in 2021, the pretax margin decreased to 8.23%, suggesting a slight decline in profitability.
By the end of 2022, the pretax margin took a significant downturn, dropping to -20.04%. This negative pretax margin indicates that the company's expenses exceeded its earnings before tax, resulting in a loss. It is important for Proto Labs Inc to investigate the reasons behind this substantial decrease to address any underlying issues.
In 2023, there was a modest recovery as the pretax margin improved to 5.55%, signaling a return to positive profitability. However, in 2024, the pretax margin slightly decreased to 4.93%, indicating a potential challenge in maintaining profitability levels.
Overall, Proto Labs Inc's pretax margin performance demonstrates volatility and highlights the importance of closely monitoring and managing expenses to sustain profitability and financial health in the future.
Peer comparison
Dec 31, 2024