Vericel Corp Ord (VCEL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 10,510 | -2,368 | -15,988 | -7,582 | 3,044 |
| Revenue | US$ in thousands | 237,224 | 197,516 | 164,365 | 156,184 | 124,179 |
| Pretax margin | 4.43% | -1.20% | -9.73% | -4.85% | 2.45% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $10,510K ÷ $237,224K
= 4.43%
Vericel Corp Ord's pretax margin has shown fluctuations over the past five years. In December 2020, the pretax margin was 2.45%, indicating that the company generated a profit before taxes equivalent to 2.45% of its total revenue. However, the pretax margin declined significantly in the following years, reaching -4.85% in December 2021, -9.73% in December 2022, and -1.20% in December 2023. These negative pretax margins suggest that the company's expenses exceeded its operating income, resulting in pre-tax losses during these periods.
The trend shifted in December 2024, with a notable improvement as the pretax margin increased to 4.43%. This positive pretax margin indicates that Vericel Corp Ord was able to generate a pre-tax profit equivalent to 4.43% of its revenue. It is essential for the company to sustain this positive trend and continue to improve its pretax margin to enhance profitability and financial performance in the future.
Peer comparison
Dec 31, 2024