Lattice Semiconductor Corporation (LSCC)
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 | 214,856 | 182,112 | 97,626 | 48,456 | 45,065 |
| Revenue | US$ in thousands | 739,195 | 656,210 | 512,589 | 404,418 | 390,127 |
| Pretax margin | 29.07% | 27.75% | 19.05% | 11.98% | 11.55% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $214,856K ÷ $739,195K
= 29.07%
Lattice Semiconductor Corporation's pretax margin has shown a positive trend over the past five years. The company's pretax margin increased from 11.55% in 2019 to 29.07% in 2023. This steady growth indicates improved operational efficiency and profitability as a higher pretax margin signifies that the company is able to generate more earnings before accounting for taxes relative to its revenue.
The significant improvement in pretax margin from 2022 to 2023, moving from 27.75% to 29.07%, suggests better cost management, increased revenue generation, or a combination of both. This trend reflects positively on the company's financial health and management's ability to optimize profitability. Overall, the consistent growth in pretax margin demonstrates Lattice Semiconductor Corporation's commitment to enhancing its operational performance and delivering value to its stakeholders.
Peer comparison
Dec 31, 2023