Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. NIC's Pre-Tax Income for the
three
months ended in Dec. 2020 was $23.9 Mil. NIC's Revenue for the
three
months ended in Dec. 2020 was $141.2 Mil. Therefore, NIC's pretax margin for the quarter that ended in Dec. 2020 was 16.95%.
The historical rank and industry rank for NIC's Pretax Margin % or its related term are showing as below:
EGOV'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.33 Med: 21.61 Max: 24.49
Current: 19.07
EGOV's Pretax Margin % is not ranked
in the Software industry.
Industry Median: 2.155
vs EGOV: 19.07
NIC Pretax Margin % Historical Data
The historical data trend for NIC's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, NIC's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NIC's Pretax Margin % Distribution in the Software Industry
For the Software industry and Technology sector, NIC's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where NIC's Pretax Margin % falls into.
NIC Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
NIC's Pretax Margin for the fiscal year that ended in Dec. 2020 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NIC (NAS:EGOV) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
NIC Pretax Margin % Related Terms
Thank you for viewing the detailed overview of NIC's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
NIC Inc is a leading provider of digital government services that help governments use technology to provide a higher level of service to businesses and citizens and increase efficiencies. The company has two operating channels: state enterprise businesses and software and services businesses. In State enterprise businesses, the company enters into long-term contracts with state and local governments to design, build and operate Internet-based, enterprise-wide portals on their behalf, the software and services businesses provide software development and payment processing services, other than outsourced portal services, to state and local governments as well as federal agencies. It generates a majority of its revenue from the State Enterprise.
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