Harmonic Inc (HLIT)
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 | 19,141 | 44,485 | 8,871 | -26,217 | -6,596 |
| Revenue | US$ in thousands | 603,758 | 619,917 | 501,650 | 359,569 | 385,878 |
| Pretax margin | 3.17% | 7.18% | 1.77% | -7.29% | -1.71% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $19,141K ÷ $603,758K
= 3.17%
The pretax margin of Harmonic, Inc. has fluctuated over the past five years, ranging from negative values to positive values.
In 2023, the pretax margin decreased to 3.15%, down from 7.12% in 2022. This decline may indicate a decrease in the company's profitability before accounting for taxes in the most recent year.
The 2022 pretax margin of 7.12% was an improvement from 1.75% in 2021. This substantial increase suggests that the company may have implemented strategies to enhance profitability and efficiency in the preceding year.
The pretax margin of 1.75% in 2021 was an improvement from -6.92% in 2020. This positive trend indicates that Harmonic, Inc. may have successfully managed its costs and operations to generate higher profits before taxes.
The negative pretax margin of -6.92% in 2020 was a significant decrease from -1.64% in 2019. This decline suggests financial challenges or inefficiencies that impacted the company's profitability during that period.
Overall, the pretax margin of Harmonic, Inc. has shown variability in recent years, reflecting fluctuations in the company's profitability before tax considerations. Further analysis of the company's financial performance and operating strategies may be necessary to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2023