Iridium Communications Inc (IRDM)
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 | 125,035 | 123,381 | 85,279 | 12,437 | -10,825 | -40,799 | -33,052 | 8,688 | 9,014 | 5,090 | 1,409 | -10,541 | -28,970 | -41,409 | -47,514 | -58,385 | -89,006 | -213,143 | -225,909 | -234,758 |
| Revenue (ttm) | US$ in thousands | 830,682 | 808,198 | 784,915 | 784,230 | 790,723 | 765,535 | 769,021 | 754,775 | 721,034 | 694,988 | 672,226 | 644,376 | 614,500 | 562,328 | 564,734 | 567,318 | 583,439 | 575,806 | 569,119 | 572,046 |
| Pretax margin | 15.05% | 15.27% | 10.86% | 1.59% | -1.37% | -5.33% | -4.30% | 1.15% | 1.25% | 0.73% | 0.21% | -1.64% | -4.71% | -7.36% | -8.41% | -10.29% | -15.26% | -37.02% | -39.69% | -41.04% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $125,035K ÷ $830,682K
= 15.05%
The pretax margin of Iridium Communications Inc has shown a significant improvement over the period covered by the data provided. Starting from a negative margin of -41.04% in March 2020, the company has steadily reduced its losses, with the margin improving to -4.71% by December 2021 and turning positive to 1.25% by December 2022.
This positive trend continued into the following years, with the pretax margin further increasing to 15.05% by December 2024. The company's ability to turn around its pretax margin from significant losses to profitability indicates improving operational efficiency and cost management, which are positive signals for investors and stakeholders. It suggests that Iridium Communications Inc has been able to increase its operating income relative to its revenue over time, leading to enhanced profitability levels.
Peer comparison
Dec 31, 2024