Iridium Communications Inc (IRDM)
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 | -10,836 | 9,014 | -28,888 | -88,964 | -218,119 |
| Revenue | US$ in thousands | 790,723 | 721,034 | 614,500 | 583,439 | 560,444 |
| Pretax margin | -1.37% | 1.25% | -4.70% | -15.25% | -38.92% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-10,836K ÷ $790,723K
= -1.37%
The pretax margin of Iridium Communications Inc has displayed fluctuating trends over the past five years. In 2023, the pretax margin decreased to -1.37%, following a positive trend in 2022 where it stood at 1.25%. However, it is worth noting that in 2021 and 2020, the company experienced negative pretax margins of -4.70% and -15.25% respectively. The most significant decline was observed in 2019, with a pretax margin of -38.92%.
The inconsistent performance of pretax margin indicates varying levels of efficiency in generating profits before taxes, with negative values suggesting the company's expenses surpass its revenues. Further analysis of the factors influencing these fluctuations would be necessary to understand the company's financial health and performance sustainability.
Peer comparison
Dec 31, 2023