Grid Dynamics Holdings Inc (GDYN)
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 | 11,055 | 6,794 | 4,494 | 6,131 | 4,838 | -1,847 | -8,449 | -24,266 | -20,453 | -18,285 | -12,901 | -121 | -2,452 | -3,178 | -6,478 | -10,762 | -15,212 | -7,332 | -620 | 7,274 |
| Revenue (ttm) | US$ in thousands | 350,571 | 328,358 | 318,342 | 312,647 | 312,910 | 315,417 | 319,159 | 319,152 | 310,482 | 296,443 | 273,215 | 243,556 | 211,280 | 174,869 | 143,268 | 117,960 | 111,283 | 113,158 | 118,248 | 124,506 |
| Pretax margin | 3.15% | 2.07% | 1.41% | 1.96% | 1.55% | -0.59% | -2.65% | -7.60% | -6.59% | -6.17% | -4.72% | -0.05% | -1.16% | -1.82% | -4.52% | -9.12% | -13.67% | -6.48% | -0.52% | 5.84% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $11,055K ÷ $350,571K
= 3.15%
Grid Dynamics Holdings Inc's pretax margin has shown fluctuations over the past several quarters. The company experienced a downward trend in its pretax margin from March 2020 to September 2022, with negative percentages ranging from -13.67% to -6.59%. However, starting from December 2023, there was a notable improvement in the pretax margin, turning positive at 1.55% and steadily increasing to 3.15% by December 2024. This positive trend indicates that the company's profitability before taxes has been on the rise in recent quarters, suggesting potential improvements in operating efficiency and cost management.
Peer comparison
Dec 31, 2024