Strategic Education Inc (STRA)
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 | 100,726 | 69,569 | 76,599 | 113,957 | 123,724 |
| Revenue | US$ in thousands | 1,135,410 | 1,068,950 | 1,135,240 | 980,332 | 997,137 |
| Pretax margin | 8.87% | 6.51% | 6.75% | 11.62% | 12.41% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $100,726K ÷ $1,135,410K
= 8.87%
The pretax margin of Strategic Education Inc has shown fluctuations over the past five years. It decreased from 12.41% in 2019 to 11.09% in 2020, and further dropped to 6.77% in 2021. However, there was a slight improvement in 2022 with a pretax margin of 6.53%. The most recent data for 2023 indicates a notable increase to 8.89%.
The upward trend in pretax margin from 2022 to 2023 suggests potential improvements in the company's profitability before accounting for taxes. However, the pretax margin still remains below the levels seen in 2019. Further analysis of the company's financial performance and operating efficiency may be necessary to determine the underlying factors influencing these fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023