Harmonic Inc (HLIT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 19,141 | 25,664 | 44,565 | 53,501 | 44,485 | 41,617 | 34,067 | 15,464 | 8,871 | 9,829 | 2,762 | -10,420 | -26,217 | -35,726 | -18,871 | -16,196 | -6,596 | -5,935 | -25,083 | -15,957 |
| Revenue (ttm) | US$ in thousands | 601,654 | 597,493 | 625,363 | 626,252 | 617,168 | 611,864 | 581,045 | 535,811 | 500,824 | 470,444 | 438,894 | 398,174 | 364,172 | 361,941 | 376,886 | 388,697 | 388,955 | 380,432 | 371,146 | 385,534 |
| Pretax margin | 3.18% | 4.30% | 7.13% | 8.54% | 7.21% | 6.80% | 5.86% | 2.89% | 1.77% | 2.09% | 0.63% | -2.62% | -7.20% | -9.87% | -5.01% | -4.17% | -1.70% | -1.56% | -6.76% | -4.14% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $19,141K ÷ $601,654K
= 3.18%
The pretax margin of Harmonic, Inc. has shown fluctuation over the past eight quarters. In Q4 2023, the pretax margin was 3.15%, indicating a decrease compared to the previous quarter. The highest pretax margin was observed in Q1 2023 at 8.42%, suggesting a strong performance during that period.
It is notable that the pretax margin in Q4 2022 was similar to Q4 2023, standing at 7.12%. However, there was a notable improvement in Q2 and Q3 2023, where the pretax margin surpassed 5%, showing a positive trend in profitability.
Overall, the company's pretax margin has experienced variability, demonstrating the need for consistent monitoring and evaluation to ensure sustained profitability and operational efficiency. Further analysis, including identifying factors contributing to fluctuations in pretax margin, can provide insights for strategic decision-making and performance improvement.
Peer comparison
Dec 31, 2023