FormFactor Inc (FORM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 89,267 | 57,870 | 98,500 | 85,175 | 51,063 |
| Revenue | US$ in thousands | 733,352 | 744,811 | 767,046 | 693,269 | 586,655 |
| Pretax margin | 12.17% | 7.77% | 12.84% | 12.29% | 8.70% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $89,267K ÷ $733,352K
= 12.17%
The pretax margin of FormFactor Inc has shown fluctuations over the past five years. In 2019, the pretax margin was at 8.70%, which increased to 12.29% in 2020, further improving to 12.84% in 2021. However, there was a slight dip in 2022 when the pretax margin decreased to 7.77%. Nevertheless, FormFactor Inc managed to bounce back in 2023, achieving a pretax margin of 12.17%.
Overall, the trend indicates that the company has been able to maintain a relatively healthy pretax margin over the years, with occasional fluctuations. This suggests that FormFactor Inc has been effectively managing its operational expenses and generating profits before taxes across the analyzed time period.
Peer comparison
Dec 31, 2023