Alkermes Plc (ALKS)

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	438,647	286,852	224,432	350,766	258,119	217,571	102,842	-170,161	-167,304	-145,389	-104,556	-65,651	-39,306	-81,179	-52,452	-83,865	-96,537	-57,448	-113,501	-128,129
Revenue (ttm)	US$ in thousands	1,550,854	1,492,589	1,489,378	1,701,960	1,639,873	1,569,557	1,443,430	1,105,567	1,099,455	1,120,608	1,163,507	1,190,967	1,162,061	1,120,829	1,092,326	1,036,423	1,032,497	1,160,605	1,149,262	1,180,207
Pretax margin		28.28%	19.22%	15.07%	20.61%	15.74%	13.86%	7.12%	-15.39%	-15.22%	-12.97%	-8.99%	-5.51%	-3.38%	-7.24%	-4.80%	-8.09%	-9.35%	-4.95%	-9.88%	-10.86%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $438,647K ÷ $1,550,854K
= 28.28%

The pretax margin of Alkermes Plc has shown a fluctuating trend over the periods presented. Starting from negative levels in March 2020 (-10.86%) and experiencing further declines in the following quarters, the margin began to improve in June 2023 (7.12%) and September 2023 (13.86%). Notably, by December 2023, the pretax margin had reached 15.74%, indicating a significant positive turn in the company's profitability. This positive trend continued into 2024, with the margin further expanding to 28.28% by December 2024.

Overall, the pretax margin of Alkermes Plc reflects a period of recovery and growth, characterized by a transition from negative margins to robust profitability in the later quarters. This improvement in pretax margin signifies the company's ability to effectively manage its costs and generate higher earnings before tax over time.