Iridium Communications Inc (IRDM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 125,035 | -10,836 | 9,014 | -28,888 | -88,964 |
| Revenue | US$ in thousands | 830,682 | 790,723 | 721,034 | 614,500 | 583,439 |
| Pretax margin | 15.05% | -1.37% | 1.25% | -4.70% | -15.25% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $125,035K ÷ $830,682K
= 15.05%
Based on the data provided, the pretax margin of Iridium Communications Inc has shown fluctuations over the years. In December 31, 2020, the pretax margin was quite negative at -15.25%, indicating that the company's operating expenses and interest payments were high relative to its revenue before tax.
However, by December 31, 2021, there was an improvement as the pretax margin decreased to -4.70%, suggesting that the company managed its expenses better, but still operated at a loss before taxes.
By the end of December 31, 2022, there was a significant positive shift in the pretax margin to 1.25%, indicating that the company was able to generate a profit before taxes.
The following year, December 31, 2023, saw a slight decline with a pretax margin of -1.37%, although it remained in the negative territory, signifying that the company's expenses may have increased or revenue decreased.
Finally, as of December 31, 2024, there was a substantial improvement in the pretax margin to 15.05%, indicating a significant increase in profitability before taxes. The company seems to have successfully managed its expenses and increased its revenue during this period.
Overall, the trend in Iridium Communications Inc's pretax margin shows a mix of challenges and improvements, with a notable turnaround from losses to profits in the latter years.
Peer comparison
Dec 31, 2024