Cirrus Logic Inc (CRUS)

Pretax margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	444,914	363,936	254,739	368,663	245,246
Revenue	US$ in thousands	1,896,080	1,788,890	1,897,620	1,781,460	1,369,230
Pretax margin		23.46%	20.34%	13.42%	20.69%	17.91%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $444,914K ÷ $1,896,080K
= 23.46%

The pretax margin of Cirrus Logic Inc has shown fluctuating trends over the past five years. In March 31, 2021, the pretax margin was 17.91%, which increased to 20.69% in March 31, 2022, indicating improved profitability. However, there was a notable decrease in the pretax margin to 13.42% in March 31, 2023, suggesting a potential decrease in the company's operating efficiency or increased expenses.

Subsequently, in March 31, 2024, the pretax margin recovered to 20.34%, indicating a return to a higher level of profitability. The latest data point, as of March 31, 2025, shows a pretax margin of 23.46%, indicating a further improvement in profitability.

Overall, the pretax margin of Cirrus Logic Inc has shown variability, with periods of both increase and decrease. It is essential for investors and stakeholders to closely monitor the company's operating performance and cost management strategies to ensure sustained profitability in the future.