IAC Inc. (IAC)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -82,831 | 374,725 | -72,449 | 347,004 | -637,774 | -1,501,311 | -1,493,389 | -1,332,876 | 47,826 | 736,527 | 1,295,469 | 1,384,736 | 971,637 | 219,599 |
| Revenue (ttm) | US$ in thousands | 4,210,640 | 4,365,230 | 4,553,650 | 4,743,210 | 4,994,200 | 5,235,270 | 5,148,260 | 4,771,428 | 4,238,395 | 3,699,625 | 3,114,950 | 2,976,428 | 2,873,086 | 2,768,435 |
| Pretax margin | -1.97% | 8.58% | -1.59% | 7.32% | -12.77% | -28.68% | -29.01% | -27.93% | 1.13% | 19.91% | 41.59% | 46.52% | 33.82% | 7.93% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-82,831K ÷ $4,210,640K
= -1.97%
A detailed analysis of IAC Inc.'s pretax margin reveals fluctuations in profitability over the specified periods. The pretax margin measures the company's efficiency in generating profits before accounting for taxes.
In the latest reported quarter, as of March 31, 2024, IAC Inc. exhibited a negative pretax margin of -1.97%. This signifies that the company incurred losses before accounting for taxes in that period. The negative pretax margin could be attributed to various factors, such as increased expenses or a decline in revenue.
Looking back at the previous periods, the company's pretax margin in December 2023 was 8.58%, indicating a positive profitability trend. However, this positive performance followed a period of fluctuating pretax margins, including a negative pretax margin of -12.77% in March 2023.
Historically, IAC Inc. experienced more substantial profitability challenges as seen in the negative pretax margins in September and June of 2022, where the margins were -29.01% and -27.93%, respectively. The company managed to turn around its profitability performance by achieving positive pretax margins in December 2021 and March 2022.
Overall, the company's pretax margin performance has been volatile, with periods of both profitability and losses. Investors and stakeholders should closely monitor the company's financial performance to assess its ability to sustain profitability and manage costs effectively in the future.
Peer comparison
Mar 31, 2024