Amgen Inc (AMGN)
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 | 4,609,000 | 4,679,000 | 3,525,000 | 4,345,000 | 7,855,000 | 8,751,000 | 9,196,000 | 9,113,000 | 7,346,000 | 7,729,000 | 7,492,000 | 6,519,000 | 6,701,000 | 6,447,000 | 6,498,000 | 7,970,000 | 8,133,000 | 8,239,000 | 8,310,000 | 8,844,000 |
| Revenue (ttm) | US$ in thousands | 33,424,000 | 32,534,000 | 30,934,000 | 29,532,000 | 28,190,000 | 26,833,000 | 26,582,000 | 26,190,000 | 26,323,000 | 26,330,000 | 26,384,000 | 26,316,000 | 25,979,000 | 25,767,000 | 25,484,000 | 25,164,000 | 25,424,000 | 24,987,000 | 24,301,000 | 23,966,000 |
| Pretax margin | 13.79% | 14.38% | 11.40% | 14.71% | 27.86% | 32.61% | 34.59% | 34.80% | 27.91% | 29.35% | 28.40% | 24.77% | 25.79% | 25.02% | 25.50% | 31.67% | 31.99% | 32.97% | 34.20% | 36.90% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,609,000K ÷ $33,424,000K
= 13.79%
Amgen Inc's pretax margin has shown fluctuations over the past few years based on the provided data. The pretax margin decreased from 36.90% in March 2020 to 13.79% in December 2024. The trend indicates a general decline in the company's ability to generate profits before accounting for taxes over this period.
There was a significant drop in pretax margin from March 2023 to June 2024, where the margin decreased from 34.80% to 11.40%. This sharp decline suggests potential challenges or changes in the company's cost structure or revenue generation during that time.
However, there was a slight improvement in the pretax margin from March 2024 to December 2024, where it increased from 14.71% to 13.79%. Despite this increase, the pretax margin remained below the levels seen in earlier periods.
Overall, the data indicates that Amgen Inc's profitability before taxes has experienced fluctuations, with possible implications for the company's financial performance and operational efficiency in recent years.
Peer comparison
Dec 31, 2024