MKS Instruments Inc (MKSI)
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 | -1,928,000 | 433,000 | 665,000 | 423,000 | 177,800 |
| Revenue | US$ in thousands | 3,260,000 | 3,377,000 | 2,924,200 | 2,300,900 | 1,862,410 |
| Pretax margin | -59.14% | 12.82% | 22.74% | 18.38% | 9.55% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-1,928,000K ÷ $3,260,000K
= -59.14%
The pretax margin of MKS Instruments Inc has experienced fluctuations over the past five years. It declined significantly to -59.14% at the end of 2023, indicating that the company incurred a substantial loss before taxes in that period. This sharp decrease from the positive margins of the prior years, especially from the peak of 22.74% in 2021, suggests a potential deterioration in the company's financial performance and profitability. Further analysis and investigation into the factors driving this negative pretax margin in 2023 would be necessary to understand the underlying causes and implications for the company's operations and strategy.
Peer comparison
Dec 31, 2023