Thryv Holdings Inc (THRY)
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 | -260,544 | -54,807 | 2,001 | 69,653 | 98,975 | 146,957 | 176,862 | 129,131 | 134,314 | 121,706 | 47,885 | 48,042 | 41,238 | 18,602 | 75,321 | 76,604 | 53,566 | 103,331 | 97,568 | 77,482 |
| Revenue (ttm) | US$ in thousands | 916,961 | 960,166 | 1,056,994 | 1,139,568 | 1,202,388 | 1,167,459 | 1,184,099 | 1,141,151 | 1,113,382 | 1,115,871 | 1,058,906 | 1,071,471 | 1,109,435 | 1,154,858 | 1,274,299 | 1,349,703 | 1,421,374 | 1,552,602 | 1,642,262 | 1,724,221 |
| Pretax margin | -28.41% | -5.71% | 0.19% | 6.11% | 8.23% | 12.59% | 14.94% | 11.32% | 12.06% | 10.91% | 4.52% | 4.48% | 3.72% | 1.61% | 5.91% | 5.68% | 3.77% | 6.66% | 5.94% | 4.49% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-260,544K ÷ $916,961K
= -28.41%
Thryv Holdings Inc's pretax margin has shown a downward trend over the last four quarters, with a significant decrease from 14.94% in Q2 2022 to -28.41% in Q4 2023. This indicates declining profitability before taxes, which may raise concerns about the company's operational efficiency and cost management. The company experienced a sharp decline in profitability despite the margins being positive in prior quarters. Thryv Holdings Inc may need to closely examine its cost structure and revenue generation strategies to improve its pretax margin and overall financial performance.