Tandem Diabetes Care Inc (TNDM)
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 | -91,870 | -123,196 | -131,311 | -136,197 | -220,254 | -205,057 | -221,677 | -199,998 | -92,851 | -65,593 | -12,396 | 4,623 | 15,901 | 21,794 | 6,577 | -26,674 | -36,282 | -50,591 | -44,051 | -16,381 |
| Revenue (ttm) | US$ in thousands | 1,059,521 | 973,669 | 796,002 | 770,009 | 747,718 | 771,424 | 790,349 | 794,694 | 801,218 | 790,712 | 765,792 | 737,669 | 702,799 | 660,868 | 604,844 | 541,941 | 498,830 | 439,163 | 410,217 | 394,236 |
| Pretax margin | -8.67% | -12.65% | -16.50% | -17.69% | -29.46% | -26.58% | -28.05% | -25.17% | -11.59% | -8.30% | -1.62% | 0.63% | 2.26% | 3.30% | 1.09% | -4.92% | -7.27% | -11.52% | -10.74% | -4.16% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-91,870K ÷ $1,059,521K
= -8.67%
Tandem Diabetes Care Inc's pretax margin has experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin, which indicates the company's efficiency in generating profits before accounting for taxes, started with negative figures in 2020, ranging from -4.16% to -11.52%.
The trend continued into 2021, with pretax margins remaining negative, albeit showing signs of improvement with smaller negative values. The company managed to achieve positive pretax margins in June 2021 and September 2021, indicating an improvement in profitability.
However, the positive momentum was not sustained, as the pretax margin dipped back into negative territory in subsequent quarters, with values ranging from -1.62% to -29.46% by December 31, 2023. The company faced challenges in maintaining profitability, as evidenced by the declining pretax margin.
In the most recent periods, the pretax margin improved slightly, showing values such as -17.69% and -8.67% by March 31, 2024, and December 31, 2024, respectively. Despite the fluctuations, it is essential for Tandem Diabetes Care Inc to focus on consistently improving its pretax margin to ensure sustainable profitability and financial health.
Peer comparison
Dec 31, 2024