Broadcom Inc (AVGO)
Pretax margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 15,097,000 | 12,434,000 | 6,765,000 | 2,442,000 | 2,214,000 |
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Pretax margin | 42.15% | 37.45% | 24.64% | 10.22% | 9.80% |
October 29, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $15,097,000K ÷ $35,819,000K
= 42.15%
The pretax margin of Broadcom Inc has shown a consistent upward trend over the past five years. As of October 29, 2023, the pretax margin stood at a robust 42.15%, indicating that the company was able to generate a significant amount of earnings before taxes relative to its total revenue. This represents a notable improvement from the prior year when the pretax margin was 37.45%. The upward trajectory in pretax margin reflects the company's effective cost management and revenue growth strategies, as it has steadily increased its profitability over the years. This trend suggests that Broadcom Inc has been successful in controlling its operating expenses and boosting its operational efficiency, leading to healthier margins and increased profitability.
Peer comparison
Oct 29, 2023