Select Medical Holdings (SEM)
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 | 326,116 | 221,547 | 531,998 | 370,862 | 212,167 |
| Revenue | US$ in thousands | 6,457,510 | 6,549,040 | 6,411,890 | 5,748,680 | 5,539,610 |
| Pretax margin | 5.05% | 3.38% | 8.30% | 6.45% | 3.83% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $326,116K ÷ $6,457,510K
= 5.05%
Select Medical Holdings Corporation's pretax margin has fluctuated over the past five years, ranging from a low of 4.11% in 2022 to a high of 10.15% in 2021. The pretax margin for the most recent year, 2023, improved to 5.74% compared to the prior year. This indicates that the company's efficiency in generating profits before accounting for taxes has varied over the years, with a significant improvement in 2021 followed by some moderation in the subsequent years. It would be important to further analyze the company's expenses, revenue sources, and overall financial performance to better understand the factors influencing these fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023