RadNet Inc (RDNT)

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 11,517 13,984 -7,920 -4,367 20,012 16,876 35,524 29,963 36,412 50,090 38,567 17,751 -13,946 -12,757 -17,743 5,194 20,970 34,595 37,466 37,509
Revenue (ttm) US$ in thousands 1,616,630 1,580,123 1,528,199 1,478,859 1,430,062 1,379,335 1,361,981 1,341,524 1,315,076 1,289,862 1,248,948 1,105,596 1,071,841 1,064,746 1,065,662 1,164,193 1,154,178 1,110,549 1,060,005 1,015,303
Pretax margin 0.71% 0.88% -0.52% -0.30% 1.40% 1.22% 2.61% 2.23% 2.77% 3.88% 3.09% 1.61% -1.30% -1.20% -1.66% 0.45% 1.82% 3.12% 3.53% 3.69%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,517K ÷ $1,616,630K
= 0.71%

Radnet Inc's pretax margin has shown fluctuation over the past eight quarters. In Q4 2023, the pretax margin was 2.40%, a slight decrease from the previous quarter's 2.49%. However, it remains higher compared to Q1 and Q2 2023, which were 1.35% and 1.09%, respectively.

Comparing with the same quarter in the previous year, the pretax margin in Q4 2023 decreased from 3.00% in Q4 2022. This indicates a decline in profitability over the year.

Looking back at previous quarters, the pretax margin was highest in Q2 2022 at 4.17%, followed by Q1 2022 at 3.77%. The recent downward trend in pretax margin may suggest potential challenges in managing costs or generating revenues efficiently. The company may need to closely monitor and address factors impacting profitability to improve its financial performance in the future.


Peer comparison

Dec 31, 2023