Intel Corporation (INTC)
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 | -10,733,000 | -8,562,000 | 109,000 | 1,261,000 | 776,000 | -2,820,000 | -2,943,000 | -3,044,000 | 7,765,000 | 13,758,000 | 20,804,000 | 27,458,000 | 21,703,000 | 23,997,000 | 22,180,000 | 22,370,000 | 25,078,000 | 25,658,000 | 27,336,000 | 26,125,000 |
| Revenue (ttm) | US$ in thousands | 53,264,000 | 54,364,000 | 55,781,000 | 55,667,000 | 54,506,000 | 49,818,000 | 51,609,000 | 53,222,000 | 60,233,000 | 69,226,000 | 72,142,000 | 77,425,000 | 78,200,000 | 77,539,000 | 76,698,000 | 76,709,000 | 76,997,000 | 77,332,000 | 78,200,000 | 75,050,000 |
| Pretax margin | -20.15% | -15.75% | 0.20% | 2.27% | 1.42% | -5.66% | -5.70% | -5.72% | 12.89% | 19.87% | 28.84% | 35.46% | 27.75% | 30.95% | 28.92% | 29.16% | 32.57% | 33.18% | 34.96% | 34.81% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-10,733,000K ÷ $53,264,000K
= -20.15%
The pretax margin of Intel Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 34.81% in March 2020, the pretax margin remained relatively stable around the mid-30% range until March 2021, when it began to decline. The margin decreased to 27.75% by December 2021.
There was a significant increase in pretax margin to 35.46% in March 2022, followed by a sharp decline to 19.87% in September 2022. The margin continued to decrease drastically, reaching negative figures by March 2023. Intel Corporation experienced negative pretax margin for several quarters until December 2023, when it turned positive at 1.42%.
The trend reversed slightly in the following quarters of 2024, with pretax margin hovering around low single digits and then dropping sharply to negative values by the end of the year. The pretax margin deteriorated further to -20.15% in December 2024.
Overall, Intel Corporation's pretax margin exhibited volatility and a downward trend in the later years of the analyzed period, indicating challenges in managing costs and generating profits before taxes. Further analysis is required to understand the underlying factors contributing to these fluctuations and to assess the company's financial performance and strategic direction.
Peer comparison
Dec 31, 2024