Coherent Inc (COHR)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -145,037 | -386,967 | -362,406 | -392,837 | -355,558 | -73,136 | -5,360 | 140,348 | 281,807 | 326,075 | 356,525 | 383,454 | 352,590 | 300,050 | 239,909 | 26,171 | -63,928 | -69,910 | -76,233 | 65,949 |
| Revenue (ttm) | US$ in thousands | 4,423,018 | 4,299,508 | 4,340,458 | 4,597,078 | 4,934,810 | 4,651,274 | 4,272,489 | 3,735,009 | 3,202,059 | 3,158,235 | 3,142,576 | 3,124,028 | 3,042,393 | 2,969,222 | 2,797,167 | 2,663,756 | 2,289,531 | 1,925,884 | 1,664,222 | 1,363,540 |
| Pretax margin | -3.28% | -9.00% | -8.35% | -8.55% | -7.21% | -1.57% | -0.13% | 3.76% | 8.80% | 10.32% | 11.34% | 12.27% | 11.59% | 10.11% | 8.58% | 0.98% | -2.79% | -3.63% | -4.58% | 4.84% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-145,037K ÷ $4,423,018K
= -3.28%
The pretax margin of Coherent Inc has displayed fluctuations over the analyzed periods. The company experienced a significant decline in pretax margin from the positive range in the earlier periods to negative margins in the recent quarters. Specifically, there was a notable decrease from the pretax margin of 12.27% in the first quarter of 2022 to -3.28% in the most recent period of June 30, 2024. This downward trend indicates that the company's pre-tax profitability has deteriorated in recent quarters. Further analysis of the company's financial and operational performance is recommended to understand the factors driving these changes in pretax margin.
Peer comparison
Jun 30, 2024