Proto Labs Inc (PRLB)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 27,991 | -98,650 | -103,370 | -100,408 | -97,872 | 31,753 | 32,754 | 43,793 | 40,146 | 38,781 | 50,143 | 49,020 | 62,956 | 70,694 | 73,798 | 79,346 | 81,123 | 83,381 | 87,317 | 89,443 |
| Revenue (ttm) | US$ in thousands | 502,822 | 494,378 | 485,394 | 490,031 | 488,340 | 495,725 | 499,346 | 495,492 | 487,616 | 469,888 | 452,050 | 435,577 | 434,393 | 441,076 | 451,027 | 460,384 | 458,728 | 459,608 | 457,583 | 451,303 |
| Pretax margin | 5.57% | -19.95% | -21.30% | -20.49% | -20.04% | 6.41% | 6.56% | 8.84% | 8.23% | 8.25% | 11.09% | 11.25% | 14.49% | 16.03% | 16.36% | 17.23% | 17.68% | 18.14% | 19.08% | 19.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $27,991K ÷ $502,822K
= 5.57%
Proto Labs Inc's pretax margin has been volatile over the past few quarters. In Q4 2023, the company achieved a pretax margin of 5.55%, representing a positive trend compared to the previous quarter's negative pretax margins. However, the company experienced significant declines in pretax margins during Q2 and Q3 2023, with margins of -21.30% and -19.96% respectively, indicating operational challenges or inefficiencies during these periods.
Comparing Q4 2023 to the same quarter in the previous year, there has been a notable improvement in pretax margin, as the company recorded a pretax margin of -20.04% in Q4 2022. Overall, it appears that Proto Labs Inc has made progress in enhancing its profitability in Q4 2023, which may be attributed to improved cost management or revenue growth initiatives.
It is essential for investors and stakeholders to monitor Proto Labs Inc's future performance to assess the sustainability of this positive trend in pretax margin and determine if the company can maintain or further improve its profitability levels in the upcoming quarters.
Peer comparison
Dec 31, 2023