Exelixis Inc (EXEL)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	681,640	599,906	450,969	258,510	257,521	123,055	209,279	197,401	234,352	383,800	345,018	381,398	294,154	204,260	112,979	68,787	130,837	187,724	348,402	367,473
Revenue (ttm)	US$ in thousands	2,168,701	2,081,598	2,013,976	1,846,646	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203
Pretax margin		31.43%	28.82%	22.39%	14.00%	14.07%	6.93%	12.21%	11.86%	14.55%	23.43%	22.19%	25.08%	20.50%	16.29%	9.77%	6.67%	13.25%	19.60%	34.90%	37.53%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $681,640K ÷ $2,168,701K
= 31.43%

Exelixis Inc's pretax margin has shown fluctuations over the past few years. The pretax margin measures the company's profitability before taxes are taken into account. From March 31, 2020, to December 31, 2020, the pretax margin decreased from 37.53% to 13.25%. This significant decline indicates a potential decrease in the company's profitability during this period.

However, starting from March 31, 2021, the pretax margin showed some improvement, gradually increasing from 6.67% to 31.43% by December 31, 2024. The upturn in pretax margin suggests that Exelixis Inc was able to enhance its profitability and operational efficiency over these years.

It is important to note that the pretax margin experienced some fluctuations within each year, indicating possible seasonal or cyclical factors impacting the company's financial performance. Overall, a rising trend in the pretax margin is generally considered favorable as it signifies improved profitability and effective cost management within the organization.