Universal Health Services Inc (UHS)
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 | 1,497,936 | 1,340,748 | 1,229,231 | 1,071,920 | 949,935 | 891,147 | 895,343 | 880,378 | 866,260 | 950,673 | 1,003,351 | 1,220,419 | 1,293,313 | 1,388,943 | 1,425,317 | 1,334,177 | 1,252,083 | 1,170,863 | 985,674 | 960,824 |
| Revenue (ttm) | US$ in thousands | 15,827,930 | 15,417,760 | 15,017,500 | 14,658,040 | 14,281,980 | 14,025,410 | 13,798,670 | 13,573,940 | 13,399,380 | 13,227,650 | 13,047,620 | 12,922,090 | 12,642,120 | 12,453,810 | 12,210,350 | 11,742,220 | 11,558,900 | 11,368,210 | 11,278,120 | 11,403,540 |
| Pretax margin | 9.46% | 8.70% | 8.19% | 7.31% | 6.65% | 6.35% | 6.49% | 6.49% | 6.46% | 7.19% | 7.69% | 9.44% | 10.23% | 11.15% | 11.67% | 11.36% | 10.83% | 10.30% | 8.74% | 8.43% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,497,936K ÷ $15,827,930K
= 9.46%
The pretax margin of Universal Health Services Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The company's pretax margin started at 8.43% in March 2020 and showed a continuous increase until reaching a peak of 11.67% in June 2021. However, from September 2021, the pretax margin started to decline gradually, hitting a low of 6.35% in September 2023.
There was a slight recovery in the pretax margin by the end of December 2024, where it stood at 9.46%. This indicates that the company's ability to generate profits before accounting for taxes improved in the early period but faced challenges in maintaining the same level of profitability in recent quarters. A declining pretax margin could imply increasing operating expenses or a slowdown in revenue growth relative to expenses, which may require further investigation to understand the underlying factors impacting the company's profitability.
Peer comparison
Dec 31, 2024