ANSYS Inc (ANSS)

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	718,038	683,517	584,807	512,258	592,138	523,777	579,213	618,124	575,315	553,877	539,794	545,760	515,354	538,253	524,499	508,224	493,925	421,200	439,885	457,241
Revenue (ttm)	US$ in thousands	2,544,809	2,467,743	2,324,646	2,227,107	2,269,949	2,158,956	2,172,672	2,149,923	2,065,553	2,027,105	1,995,762	1,968,566	1,906,715	1,874,734	1,800,531	1,739,538	1,681,297	1,543,839	1,520,773	1,503,747
Pretax margin		28.22%	27.70%	25.16%	23.00%	26.09%	24.26%	26.66%	28.75%	27.85%	27.32%	27.05%	27.72%	27.03%	28.71%	29.13%	29.22%	29.38%	27.28%	28.93%	30.41%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $718,038K ÷ $2,544,809K
= 28.22%

The pretax margin of ANSYS Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 30.41% in March 2020, the pretax margin slightly decreased to 28.93% by June 2020. It further declined to 27.28% in September 2020 but then experienced a slight recovery to 29.38% by December 2020.

The pretax margin remained relatively stable around the 29% range until September 2021 when it decreased to 28.71%. This downward trend continued through December 2021 (27.03%) and March 2022 (27.72%), indicating potential challenges in the company's profitability.

Despite a brief increase in June 2022 to 27.05%, the pretax margin declined to 24.26% by September 2023, reflecting a significant drop in profitability during that period. This trend started to reverse gradually, with the pretax margin increasing to 28.22% by December 2024.

Overall, the pretax margin of ANSYS Inc has shown volatility over the analyzed period, with periods of decline followed by some recovery. Management may need to closely monitor and address the factors influencing profitability to ensure sustained financial performance.