Thryv Holdings Inc (THRY)
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 | -65,998 | -325,076 | -260,917 | -260,533 | -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 |
| Revenue (ttm) | US$ in thousands | 824,156 | 873,723 | 877,693 | 905,030 | 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 |
| Pretax margin | -8.01% | -37.21% | -29.73% | -28.79% | -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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-65,998K ÷ $824,156K
= -8.01%
Thryv Holdings Inc's pretax margin has displayed a fluctuating trend over the analyzed period, ranging from positive to negative values. The pretax margin stood at around 5-6% for most of 2020 and 2021, indicating that the company was able to generate a profit before accounting for taxes and was managing its expenses effectively.
However, there was a significant improvement in profitability in the latter part of 2021 and the first half of 2022, with the pretax margin reaching double-digit figures, showing strong operational performance and efficient cost management.
The trend reversed from September 2022 onwards, with the pretax margin decreasing gradually and dipping into negative territory by March 2023. The negative trend continued throughout 2023 and into 2024, with the pretax margin dropping to as low as -37.21% by September 30, 2024.
This downward trend suggests that Thryv Holdings Inc faced challenges that impacted its ability to generate profits before taxes during this period. It would be important for stakeholders to closely monitor the company's financial performance and assess the reasons behind the declining pretax margin to determine potential areas for improvement.