Universal Health Services Inc (UHS)
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 | 938,914 | 887,821 | 908,548 | 896,853 | 884,887 | 970,062 | 1,015,713 | 1,227,248 | 1,297,271 | 1,388,662 | 1,423,247 | 1,327,784 | 1,243,246 | 1,158,218 | 972,162 | 948,942 | 1,053,648 | 937,227 | 1,028,764 | 1,018,012 |
| Revenue (ttm) | US$ in thousands | 14,075,310 | 13,828,440 | 13,619,410 | 13,417,830 | 13,272,470 | 13,132,410 | 12,966,840 | 12,845,690 | 12,565,440 | 12,389,350 | 12,142,520 | 11,670,220 | 11,472,510 | 11,281,820 | 11,174,860 | 11,283,260 | 11,254,690 | 11,112,940 | 10,941,340 | 10,772,010 |
| Pretax margin | 6.67% | 6.42% | 6.67% | 6.68% | 6.67% | 7.39% | 7.83% | 9.55% | 10.32% | 11.21% | 11.72% | 11.38% | 10.84% | 10.27% | 8.70% | 8.41% | 9.36% | 8.43% | 9.40% | 9.45% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $938,914K ÷ $14,075,310K
= 6.67%
The pretax margin for Universal Health Services, Inc. has shown a slight fluctuation over the past eight quarters. In Q1 2022, the pretax margin was at its highest at 9.44%, which then experienced a gradual decrease over the next few quarters before reaching its lowest point at 6.29% in Q3 2023. However, in Q4 2023, there was a slight improvement to 6.58%.
Overall, the pretax margin has generally remained within a relatively narrow range between 6.29% and 9.44% over the period analyzed. This indicates that the company has been able to efficiently manage its operating expenses and generate consistent profitability before taxes, though there may be room for further improvement to enhance its overall financial performance.
Peer comparison
Dec 31, 2023