Verisk Analytics Inc (VRSK)

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	873,400	1,174,200	845,600	877,300	568,400
Revenue	US$ in thousands	2,577,100	2,359,100	2,871,900	2,646,100	2,477,000
Pretax margin		33.89%	49.77%	29.44%	33.15%	22.95%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $873,400K ÷ $2,577,100K
= 33.89%

Verisk Analytics Inc's pretax margin has shown fluctuations over the past five years. In 2023, the pretax margin decreased to 38.31% from 50.56% in 2022, which was the highest pretax margin during this period. Despite the decline in 2023, the pretax margin remained relatively strong compared to previous years, indicating efficient cost management and profitability. In 2021, there was a notable increase in pretax margin to 29.19% from 32.23% in 2020, reflecting improved operational efficiency. Overall, the trend in Verisk Analytics Inc's pretax margin suggests a generally positive performance in terms of profitability over the past five years.