Cohu Inc (COHU)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -64,946 | 45,816 | 126,715 | 192,344 | -13,177 |
| Revenue | US$ in thousands | 401,779 | 636,322 | 812,775 | 887,214 | 636,007 |
| Pretax margin | -16.16% | 7.20% | 15.59% | 21.68% | -2.07% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-64,946K ÷ $401,779K
= -16.16%
The pretax margin of Cohu Inc has fluctuated significantly over the past five years. In 2020, the company reported a negative pretax margin of -2.07%, indicating that its operating expenses exceeded its gross margin. However, there was a remarkable turnaround in 2021 with a pretax margin of 21.68%, signaling strong operational efficiency and profitability.
In the following years, the pretax margin remained positive but displayed some fluctuations. By the end of 2022, the pretax margin decreased to 15.59%, suggesting a slight decline in profitability compared to the previous year. In 2023, there was a further decrease in the pretax margin to 7.20%, indicating potential challenges in controlling expenses or sustaining revenue growth.
The most recent data point in 2024 shows a significant decline in pretax margin to -16.16%, signifying a substantial loss for the company. This sharp downturn raises concerns about Cohu Inc's financial performance and operational effectiveness in that particular period.
Overall, while Cohu Inc demonstrated a strong recovery in profitability in 2021, the subsequent years showed mixed results, with fluctuations in pretax margin reflecting varying levels of operational efficiency and financial performance. It is essential for the company to address the factors contributing to these fluctuations and implement strategies to improve its pretax margin stability in the future.
Peer comparison
Dec 31, 2024