RadNet Inc (RDNT)
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 | 11,517 | 20,011 | 39,287 | -13,945 | 20,985 |
| Revenue | US$ in thousands | 1,616,630 | 1,430,060 | 1,315,080 | 1,071,840 | 1,154,180 |
| Pretax margin | 0.71% | 1.40% | 2.99% | -1.30% | 1.82% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $11,517K ÷ $1,616,630K
= 0.71%
Radnet Inc's pretax margin has fluctuated over the past five years. In 2021, the company achieved a relatively high pretax margin of 4.48%, indicating that for every dollar of revenue generated, the company retained 4.48 cents as pre-tax profit. However, in 2020, the pretax margin was negative at -0.08%, suggesting that the company incurred pre-tax losses during that period.
The pretax margin improved to 3.00% in 2022 and further declined to 2.40% in 2023. While the pretax margin in 2023 is lower than the previous year, the company still managed to retain 2.40 cents as pre-tax profit for every dollar of revenue generated.
Overall, Radnet Inc's pretax margin performance indicates a mix of profitability levels over the years, reflecting fluctuations in the company's ability to control costs and generate profits before taxes. Further analysis of the underlying factors driving these fluctuations would provide deeper insights into the company's financial performance.
Peer comparison
Dec 31, 2023