Shenandoah Telecommunications Co (SHEN)
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 | ||
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Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -38,027 | -27,628 | -18,469 | 2,050 | 11,011 | 6,653 | 1,361 | -4,911 | -9,306 | -9,567 | -5,278 | 2,489 | 7,010 | 11,020 | 11,263 | 46,753 | 60,354 | 74,948 | 92,348 | 70,491 |
Revenue (ttm) | US$ in thousands | 328,058 | 315,156 | 299,399 | 284,941 | 287,379 | 284,881 | 279,963 | 274,643 | 267,371 | 259,963 | 255,283 | 249,962 | 245,239 | 240,767 | 233,696 | 342,522 | 436,019 | 538,884 | 638,863 | 628,251 |
Pretax margin | -11.59% | -8.77% | -6.17% | 0.72% | 3.83% | 2.34% | 0.49% | -1.79% | -3.48% | -3.68% | -2.07% | 1.00% | 2.86% | 4.58% | 4.82% | 13.65% | 13.84% | 13.91% | 14.46% | 11.22% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-38,027K ÷ $328,058K
= -11.59%
The pretax margin of Shenandoah Telecommunications Co has exhibited fluctuations over the past few years, indicating changes in the company's profitability before taxes.
From March 2020 to June 2021, the pretax margin showed a generally positive trend, ranging from 11.22% to 14.46%. This suggests that during this period, the company was effectively controlling its operating expenses relative to its pre-tax earnings.
However, starting from June 2021, there was a noticeable decline in the pretax margin, dropping to 2.86% by December 2021. The trend continued to worsen in subsequent periods, reaching negative percentages from June 2022 to December 2024.
The decreasing trend in the pretax margin from mid-2021 onwards indicates potential challenges faced by Shenandoah Telecommunications Co in maintaining profitability and controlling costs effectively. The negative pretax margins in the latter period suggest that the company's operating expenses were surpassing its pre-tax earnings, which could raise concerns about its financial performance and operational efficiency.
Peer comparison
Dec 31, 2024