US Physicalrapy Inc (USPH)
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 | 40,395 | 44,322 | 56,103 | 48,216 | 53,686 |
| Revenue | US$ in thousands | 604,802 | 553,144 | 495,022 | 422,969 | 481,969 |
| Pretax margin | 6.68% | 8.01% | 11.33% | 11.40% | 11.14% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $40,395K ÷ $604,802K
= 6.68%
The pretax margin of U.S. Physical Therapy, Inc. has shown a downward trend over the past five years, declining from 14.71% in 2019 to 8.16% in 2023. This indicates that the company's ability to generate profits before taxes relative to its revenue has weakened over this period. The decreasing pretax margin may suggest challenges in managing operating expenses, increasing costs, or a decline in the efficiency of the company's operations. It is essential for the company to investigate the factors contributing to this trend to improve profitability and overall financial performance.
Peer comparison
Dec 31, 2023