Universal Health Services Inc (UHS)
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 | 938,914 | 884,887 | 1,297,270 | 1,243,250 | 1,053,650 |
| Revenue | US$ in thousands | 14,075,300 | 13,272,500 | 12,558,400 | 11,452,600 | 11,215,500 |
| Pretax margin | 6.67% | 6.67% | 10.33% | 10.86% | 9.39% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $938,914K ÷ $14,075,300K
= 6.67%
The pretax margin of Universal Health Services, Inc. has shown some variability over the past five years. In 2023, the pretax margin stood at 6.58%, representing a slight increase compared to the previous year's margin of 6.46%. However, it is notable that the pretax margin has decreased significantly from its peak of 10.83% in 2020 and 10.23% in 2021, suggesting a potential trend of declining profitability before stabilizing in 2023. The company's performance in 2019 also showed a lower pretax margin of 9.37%. Further analysis would be required to understand the factors contributing to these changes in profitability and assess the company's overall financial health.
Peer comparison
Dec 31, 2023