Calix Inc (CALX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 34,757 | 54,042 | 72,654 | 34,284 | -16,532 |
| Revenue | US$ in thousands | 1,040,390 | 868,127 | 679,394 | 537,325 | 421,694 |
| Pretax margin | 3.34% | 6.23% | 10.69% | 6.38% | -3.92% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $34,757K ÷ $1,040,390K
= 3.34%
The pretax margin of Calix Inc has shown some fluctuations over the past five years. In 2023, the pretax margin decreased to 3.34% from 6.23% in 2022. This indicates a decline in the company's ability to generate earnings before taxes relative to its revenue. The pretax margin was highest in 2021 at 10.69%, demonstrating strong profitability, followed by a significant drop in 2020 to 6.33%. Notably, in 2019, the company had a negative pretax margin of -3.90%, suggesting that Calix Inc experienced losses prior to taxes that year. Overall, the trend in Calix Inc's pretax margin shows some variability, with the company experiencing both periods of profitability and losses over the analyzed period.
Peer comparison
Dec 31, 2023