Ciena Corp (CIEN)
Pretax margin
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 323,653 | 182,505 | 462,751 | 455,961 | 156,126 |
| Revenue | US$ in thousands | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 | 2,801,690 |
| Pretax margin | 7.38% | 5.02% | 12.78% | 12.91% | 5.57% |
October 28, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $323,653K ÷ $4,386,550K
= 7.38%
To analyze the pretax margin of CIENA Corp. over the past five years, we observe a fluctuating trend. In 2019, the pretax margin was 8.77%, which increased to 12.91% in 2020, depicting a significant improvement. However, in 2021, there was a decline to 12.78%, signaling a slight decrease in profitability. Subsequently, in 2022, the pretax margin decreased further to 5.02%, signifying a considerable reduction in profitability. The most recent data for 2023 indicates a recovery, with the pretax margin increasing to 7.38%, but it still remains below the levels observed in 2020 and 2021. Overall, the pretax margin demonstrates variability in profitability over the years, highlighting the importance of monitoring and managing costs and expenses effectively to sustain and enhance profitability in the future.
Peer comparison
Oct 28, 2023