Corsair Gaming Inc (CRSR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -5,032 | -64,208 | 114,560 | 122,042 |
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Pretax margin | -0.34% | -4.67% | 6.02% | 7.17% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-5,032K ÷ $1,459,880K
= -0.34%
The pretax margin of Corsair Gaming Inc has fluctuated over the past five years. In 2023, the pretax margin was -0.24%, showing a decrease from the previous year's -4.64%. This negative margin indicates that the company's pre-tax profitability is low, with expenses exceeding its pre-tax income. In contrast, the company performed better in 2021 and 2020 with pretax margins of 6.02% and 7.17%, respectively, indicating healthier profitability levels during these years. However, in 2019, the pretax margin was negative at -1.22%, suggesting a period of financial challenge for the company. Overall, the pretax margin trend for Corsair Gaming Inc indicates variability in profitability performance over the analyzed period.
Peer comparison
Dec 31, 2023