Select Medical Holdings (SEM)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 174,769 | 462,105 | 430,839 | 424,539 | 382,356 | 354,990 | 332,779 | 298,153 | 260,579 | 271,970 | 345,505 | 521,312 | 629,722 | 709,326 | 717,458 | 546,391 | 456,473 | 374,445 | 295,308 | 285,298 |
| Revenue (ttm) | US$ in thousands | 5,187,103 | 6,968,550 | 6,873,020 | 6,787,890 | 6,664,060 | 6,586,660 | 6,488,760 | 6,398,970 | 6,333,540 | 6,311,890 | 6,278,320 | 6,257,600 | 6,204,510 | 6,105,190 | 5,994,840 | 5,663,540 | 5,531,710 | 5,445,800 | 5,415,270 | 5,543,910 |
| Pretax margin | 3.37% | 6.63% | 6.27% | 6.25% | 5.74% | 5.39% | 5.13% | 4.66% | 4.11% | 4.31% | 5.50% | 8.33% | 10.15% | 11.62% | 11.97% | 9.65% | 8.25% | 6.88% | 5.45% | 5.15% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $174,769K ÷ $5,187,103K
= 3.37%
The pretax margin of Select Medical Holdings has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 5.15% in March 2020 and gradually increased to a peak of 11.97% in June 2021, indicating improved profitability before tax expenses. However, there was a slight decline in the margin in the following quarters but remained above 10% until March 2022.
From March 2022 to December 2024, the pretax margin experienced more variability, ranging from 3.37% to 6.63%. There was a notable decrease in the pretax margin in December 2024 compared to the previous quarters, potentially suggesting a decrease in profitability before tax. It is essential for the management of Select Medical Holdings to closely monitor and analyze the factors impacting their pretax margin and implement strategic measures to maintain or improve profitability levels.
Peer comparison
Dec 31, 2024