Privia Health Group Inc (PRVA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 31,072 | -15,101 | -216,087 |
| Revenue | US$ in thousands | 1,666,110 | 1,357,200 | 965,150 |
| Pretax margin | 1.86% | -1.11% | -22.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $31,072K ÷ $1,666,110K
= 1.86%
The pretax margin of Privia Health Group Inc has shown varied performances over the past three years. In 2023, the pretax margin improved significantly to 1.75%, indicating that the company's pre-tax profitability increased. This could be a result of more efficient cost management, increased revenues, or a combination of both.
In contrast, in 2022, the pretax margin was negative at -1.37%, suggesting that the company incurred losses before accounting for taxes. This could be attributed to higher expenses relative to revenues during that period.
Furthermore, in 2021, the pretax margin was substantially lower at -22.61%, indicating a significant decline in profitability compared to the previous year. This sharp decrease may reflect challenges faced by the company, such as cost overruns or declining revenues.
Overall, the trend in Privia Health Group Inc's pretax margin shows notable fluctuations, with improvements in 2023 compared to negative margins in 2022 and 2021. This metric is crucial for evaluating the company's operational efficiency and financial health, highlighting the need for continuous monitoring and strategic management of costs and revenue generation.
Peer comparison
Dec 31, 2023