STAAR Surgical Company (STAA)
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 | 33,696 | 45,552 | 31,304 | 8,267 | 13,026 |
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Pretax margin | 10.45% | 16.02% | 13.58% | 5.06% | 8.67% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $33,696K ÷ $322,415K
= 10.45%
The pretax margin of STAAR Surgical Company has fluctuated over the past five years, exhibiting a mix of increased and decreased profitability levels. In 2023, the pretax margin stood at 10.45%, a decrease from 16.02% in 2022. The company's profitability was higher in 2022 compared to the other years, where it ranged from 5.06% in 2020 to 13.58% in 2021. Despite the fluctuations, the company has generally maintained positive pretax margins over the years, indicating its ability to generate profits before taxes are deducted from revenues. Additional analysis and context regarding the company's operations and strategies would be needed to fully understand the drivers behind these pretax margin trends.
Peer comparison
Dec 31, 2023