Calix Inc (CALX)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 34,757 | 57,868 | 60,191 | 55,631 | 54,042 | 53,737 | 50,713 | 61,709 | 72,654 | 83,148 | 86,393 | 61,664 | 34,284 | 10,807 | -12,649 | -13,535 | -16,532 | -22,732 | -19,069 | -16,754 |
| Revenue (ttm) | US$ in thousands | 1,040,393 | 1,019,662 | 992,161 | 933,187 | 868,127 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 | 424,235 | 419,560 | 419,774 | 431,172 |
| Pretax margin | 3.34% | 5.68% | 6.07% | 5.96% | 6.23% | 6.72% | 6.89% | 8.79% | 10.69% | 12.35% | 13.27% | 10.25% | 6.33% | 2.20% | -2.78% | -3.10% | -3.90% | -5.42% | -4.54% | -3.89% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $34,757K ÷ $1,040,393K
= 3.34%
Calix Inc's pretax margin has shown a downward trend over the past eight quarters, starting from 8.79% in Q1 2022 to 3.34% in Q4 2023. This indicates that the company's ability to generate profits before taxes relative to its total revenue has been gradually decreasing. The fluctuation in pretax margin over the quarters may be attributed to changes in the company's operating efficiency, cost structure, pricing strategies, or overall economic conditions impacting its profitability. Further analysis of the underlying factors driving these trends would be necessary to provide a more detailed assessment of Calix Inc's financial performance.
Peer comparison
Dec 31, 2023