Cohu Inc (COHU)

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	45,816	126,715	192,344	-13,135	-72,782
Revenue	US$ in thousands	627,391	809,990	948,697	623,954	562,949
Pretax margin		7.30%	15.64%	20.27%	-2.11%	-12.93%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $45,816K ÷ $627,391K
= 7.30%

The pretax margin of Cohu Inc has fluctuated over the past five years. In 2023, the pretax margin was 7.30%, a decrease from the previous year's margin of 15.64%. The pretax margin reached its highest point in 2021 at 20.27%, reflecting strong profitability. However, in 2020 and 2019, the company experienced negative pretax margins of -2.11% and -12.93% respectively, indicating a loss before taxes during those years. It is essential for Cohu Inc to closely monitor and manage its costs and operating efficiency to improve and stabilize its pretax margin in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Cohu Inc

COHU

7.30%

Agilent Technologies Inc