Exelixis Inc (EXEL)

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	681,640	257,521	234,352	294,154	130,837
Revenue	US$ in thousands	2,168,700	1,830,210	1,611,060	1,434,970	987,538
Pretax margin		31.43%	14.07%	14.55%	20.50%	13.25%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $681,640K ÷ $2,168,700K
= 31.43%

The pretax margin of Exelixis Inc has shown fluctuations over the years. In December 2020, the pretax margin was 13.25%, indicating that for every dollar of revenue generated, the company retained 13.25 cents before accounting for taxes.

There was a significant improvement in December 2021, with the pretax margin increasing to 20.50%, showcasing a more efficient operation and potentially higher profitability. However, in December 2022, the pretax margin declined to 14.55%, reflecting a decrease in profitability compared to the previous year.

The pretax margin remained relatively stable in December 2023 at 14.07%, suggesting that the company maintained a consistent level of profitability. Notably, in December 2024, there was a substantial surge in the pretax margin to 31.43%, indicating a significant increase in profitability and potentially enhanced operational efficiency.

Overall, the trend in Exelixis Inc's pretax margin demonstrates both fluctuations and improvements in profitability over the years, with a notable upswing in December 2024. This indicates that the company has made efforts to enhance its financial performance and efficiency in generating profits before taxes.