Select Medical Holdings (SEM)
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 | 326,116 | 304,071 | 283,536 | 251,478 | 221,547 | 226,693 | 287,899 | 443,447 | 531,998 | 603,114 | 607,024 | 451,435 | 370,862 | 302,171 | 237,247 | 227,903 | 212,167 | 204,345 | 207,743 | 209,718 |
| Revenue (ttm) | US$ in thousands | 6,457,510 | 6,760,560 | 6,682,750 | 6,601,130 | 6,549,040 | 6,498,680 | 6,476,780 | 6,463,510 | 6,411,730 | 6,009,720 | 5,899,480 | 5,562,470 | 5,416,770 | 5,330,860 | 5,258,810 | 5,373,360 | 5,278,660 | 5,168,760 | 5,115,800 | 5,051,950 |
| Pretax margin | 5.05% | 4.50% | 4.24% | 3.81% | 3.38% | 3.49% | 4.45% | 6.86% | 8.30% | 10.04% | 10.29% | 8.12% | 6.85% | 5.67% | 4.51% | 4.24% | 4.02% | 3.95% | 4.06% | 4.15% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $326,116K ÷ $6,457,510K
= 5.05%
Select Medical Holdings Corporation's pretax margin has shown variability over the past eight quarters. The trend indicates that the company's performance in terms of generating pre-tax profit relative to its total revenue has fluctuated. The pretax margin ranged from a low of 4.11% in Q4 2022 to a high of 8.33% in Q1 2022.
It is important to note that a pretax margin of around 5% to 6% implies that the company is able to effectively control its operating expenses relative to its revenue. The slight increase in Q4 2023 compared to the previous quarters may indicate improved efficiency in managing costs or possibly higher revenue generation.
However, further analysis is necessary to understand the factors driving these fluctuations and to assess the sustainability of this performance. Additionally, monitoring the trend of the pretax margin over the upcoming quarters will be crucial in determining the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023