MKS Instruments Inc (MKSI)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,928,000 | -1,782,000 | -1,764,000 | 183,000 | 433,000 | 545,000 | 671,000 | 687,000 | 664,000 | 626,600 | 569,400 | 489,800 | 423,100 | 337,700 | 284,300 | 243,700 | 177,800 | 213,794 | 272,910 | 369,654 |
| Revenue (ttm) | US$ in thousands | 3,259,000 | 3,467,000 | 3,500,000 | 3,343,000 | 3,377,000 | 3,132,600 | 2,994,200 | 2,979,700 | 2,924,200 | 2,826,800 | 2,674,400 | 2,468,000 | 2,307,300 | 2,146,751 | 2,019,233 | 1,943,569 | 1,871,211 | 1,832,101 | 1,859,852 | 1,967,634 |
| Pretax margin | -59.16% | -51.40% | -50.40% | 5.47% | 12.82% | 17.40% | 22.41% | 23.06% | 22.71% | 22.17% | 21.29% | 19.85% | 18.34% | 15.73% | 14.08% | 12.54% | 9.50% | 11.67% | 14.67% | 18.79% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,928,000K ÷ $3,259,000K
= -59.16%
The pretax margin of MKS Instruments Inc has shown significant fluctuations over the historical period provided. The pretax margin has ranged from -59.16% to 23.06%, indicating considerable variability in the company's profitability before accounting for taxes and interest expenses.
Notably, there are periods of negative pretax margins, such as in Dec 2023 and Sep 2023, which suggest that the company experienced losses before taxes during these quarters. This is a concerning trend and may indicate operational challenges or unsuccessful cost management during those periods.
On the other hand, there are quarters, like Mar 2019 and Dec 2022, where the pretax margin exceeded 20%, indicating strong profitability levels during those periods. This suggests that the company has also experienced periods of robust financial performance.
Overall, the analysis of MKS Instruments Inc's pretax margin highlights the importance of consistent monitoring of profitability metrics to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2023