Intel Corporation (INTC)
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 | 776,000 | 7,765,000 | 21,703,000 | 25,078,000 | 24,058,000 |
| Revenue | US$ in thousands | 53,879,000 | 61,811,000 | 78,168,000 | 76,984,000 | 71,052,000 |
| Pretax margin | 1.44% | 12.56% | 27.76% | 32.58% | 33.86% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $776,000K ÷ $53,879,000K
= 1.44%
The pretax margin of Intel Corporation has exhibited a downward trend over the past five years. In 2019, the company achieved a relatively high pretax margin of 33.86%, indicating strong profitability before taxes. However, this margin steadily declined to 32.58% in 2020, 27.76% in 2021, and further dropped to 12.56% in 2022. The most recent data for 2023 shows a significant decrease in the pretax margin to just 1.44%, signaling a substantial decrease in profitability. This decline in the pretax margin may be attributed to various factors such as changes in revenue, cost structures, or operational inefficiencies within the company. Intel Corporation may need to analyze its cost management strategies and revenue streams to improve its profitability moving forward.
Peer comparison
Dec 31, 2023