Proto Labs Inc (PRLB)
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 | 27,952 | -97,877 | 40,184 | 62,945 | 81,155 |
| Revenue | US$ in thousands | 499,414 | 489,514 | 487,522 | 434,393 | 458,728 |
| Pretax margin | 5.60% | -19.99% | 8.24% | 14.49% | 17.69% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $27,952K ÷ $499,414K
= 5.60%
Proto Labs Inc's pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin improved to 5.55% from a negative value in 2022. This indicates that the company was able to generate pre-tax income equivalent to 5.55% of its total revenue in 2023. However, this margin remains lower than the levels witnessed in 2020 and 2019, which were 14.49% and 17.70%, respectively. The decrease in pretax margin from 2020 to 2023 may raise some concerns about the company's cost management and operational efficiency. Further analysis is recommended to understand the factors impacting Proto Labs Inc's pretax margin and to assess its long-term profitability prospects.
Peer comparison
Dec 31, 2023