Fulgent Genetics Inc (FLGT)

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 -51,964 -189,115 -163,723 -167,209 -174,085 -62,351 -67,454 -39,002 184,025 368,312 526,324 612,074 677,300 752,973 657,148 560,561 291,684 65,026 2,780 352
Revenue (ttm) US$ in thousands 283,470 277,761 290,705 287,530 289,213 286,412 307,380 364,868 618,968 802,935 925,148 953,423 992,584 1,035,891 909,739 773,388 421,712 135,121 43,752 34,911
Pretax margin -18.33% -68.09% -56.32% -58.15% -60.19% -21.77% -21.94% -10.69% 29.73% 45.87% 56.89% 64.20% 68.24% 72.69% 72.23% 72.48% 69.17% 48.12% 6.35% 1.01%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-51,964K ÷ $283,470K
= -18.33%

Fulgent Genetics Inc's pretax margin has exhibited significant fluctuations over the past few years, reflecting changes in its operating profitability. The trend shows a gradual increase from March 31, 2020, where the pretax margin stood at 1.01%, reaching a peak of 72.69% on September 30, 2021. This period of strong profitability was followed by a slight decline, with the pretax margin dropping to 45.87% by September 30, 2022.

However, the pretax margin experienced a more significant decline starting from December 31, 2022, falling into negative territory. The company posted negative pretax margins for several periods, hitting a low of -68.09% on September 30, 2024. This negative trend was eventually reversed by December 31, 2024, when the pretax margin improved to -18.33%.

The fluctuation in pretax margin suggests varying levels of operational efficiency and cost management within Fulgent Genetics Inc. It is crucial for the company to closely monitor and address the factors driving these fluctuations to maintain sustainable profitability in the future.