Corsair Gaming Inc (CRSR)
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 | -61,658 | -3,479 | -63,766 | 114,560 | 122,042 |
| Revenue | US$ in thousands | 1,316,380 | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Pretax margin | -4.68% | -0.24% | -4.64% | 6.02% | 7.17% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-61,658K ÷ $1,316,380K
= -4.68%
Corsair Gaming Inc's pretax margin has shown a declining trend over the years based on the provided data. In December 31, 2020, the pretax margin stood at 7.17%, reflecting a healthy profitability level. However, by December 31, 2024, the pretax margin had decreased significantly to -4.68%, indicating that the company's profitability before taxes had turned negative.
The decreasing trend in the pretax margin suggests that Corsair Gaming Inc may be facing challenges in controlling its operating costs or experiencing decreasing revenues relative to its expenses. This trend could raise concerns among investors and stakeholders about the company's ability to generate sustainable profits. Management may need to closely evaluate and address the factors contributing to this decline to improve the company's financial performance and overall profitability.
Peer comparison
Dec 31, 2024