KLA-Tencor Corporation (KLAC)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,644,449 | 4,260,692 | 3,698,270 | 3,417,011 | 3,190,032 | 3,020,495 | 3,119,170 | 3,570,870 | 3,789,189 | 3,963,382 | 4,008,984 | 3,792,919 | 3,489,237 | 3,248,381 | 3,042,499 | 2,642,996 | 2,360,454 | 2,056,680 | 1,531,476 | 1,429,001 |
| Revenue (ttm) | US$ in thousands | 12,156,160 | 11,547,650 | 10,840,010 | 10,249,890 | 9,805,310 | 9,594,220 | 9,671,440 | 10,168,600 | 10,496,060 | 10,627,660 | 10,483,730 | 9,852,470 | 9,211,890 | 8,650,620 | 8,165,710 | 7,463,950 | 6,918,730 | 6,452,850 | 6,073,040 | 5,931,620 |
| Pretax margin | 38.21% | 36.90% | 34.12% | 33.34% | 32.53% | 31.48% | 32.25% | 35.12% | 36.10% | 37.29% | 38.24% | 38.50% | 37.88% | 37.55% | 37.26% | 35.41% | 34.12% | 31.87% | 25.22% | 24.09% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,644,449K ÷ $12,156,160K
= 38.21%
The pretax margin of KLA-Tencor Corporation experienced a general upward trajectory from September 30, 2020, through the second quarter of 2022, indicating substantial improvement in profitability relative to its pre-tax earnings. Starting at 24.09% in September 2020, the margin increased steadily, surpassing 30% by March 31, 2021, and reaching a peak of 38.50% in September 2022. This period reflects enhanced operational efficiency or favorable market conditions contributing to higher profitability margins prior to the end of 2022.
Subsequent to this peak, a slight decline was observed, with the margin decreasing to 38.24% in December 2022 and further declining to 37.29% by March 2023. This downward trend continued into the subsequent quarters, with the pretax margin falling to 36.10% by June 2023, and to 35.12% in September 2023. The trend indicates a gradual reduction in pre-tax profitability over this period.
In light of the data up to September 2023 and projections for December 2023 onwards, the pretax margin appears to stabilize somewhat, with figures around the low 30s. For instance, the margin stood at 32.25% at year-end 2023, and is projected to moderately recover to approximately 36.90% by March 2025. These fluctuations suggest ongoing adjustments in operational performance or competitive dynamics impacting profitability ratios.
Overall, the pretax margin of KLA-Tencor demonstrates periods of significant margin expansion followed by gradual normalization, which may reflect cyclical industry factors, cost management strategies, or market conditions affecting profitability over the analyzed timeframe.
Peer comparison
Jun 30, 2025