Ichor Holdings Ltd (ICHR)

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	-18,054	-27,369	-34,748	-38,614	-31,078	-4,873	34,624	65,941	75,330	75,825	66,131	66,452	73,756	71,465	61,889	45,287	32,291	23,580	14,044	7,287
Revenue (ttm)	US$ in thousands	849,040	819,230	804,852	786,633	811,120	909,359	1,068,241	1,212,793	1,280,069	1,265,537	1,172,749	1,125,497	1,096,917	1,054,695	1,019,518	958,774	914,236	858,625	785,403	703,034
Pretax margin		-2.13%	-3.34%	-4.32%	-4.91%	-3.83%	-0.54%	3.24%	5.44%	5.88%	5.99%	5.64%	5.90%	6.72%	6.78%	6.07%	4.72%	3.53%	2.75%	1.79%	1.04%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-18,054K ÷ $849,040K
= -2.13%

Ichor Holdings Ltd's pretax margin, which measures the company's profitability before accounting for taxes, has shown fluctuating trends over the years.

From March 31, 2020, to December 31, 2021, the pretax margin steadily increased from 1.04% to 6.72%, indicating improving profitability levels during this period.

However, starting from March 31, 2022, the pretax margin began to decline gradually, reaching 2.13% by December 31, 2024.

The company experienced its highest pretax margin of 6.78% on September 30, 2021, but faced challenges as the margin turned negative, hitting a low of -4.91% on March 31, 2024.

Overall, the fluctuating pretax margin of Ichor Holdings Ltd reflects varying levels of profitability and financial performance over the years, which may require further analysis to identify the underlying factors driving these changes.