MKS Instruments Inc (MKSI)
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 | 181,000 | 21,000 | -17,000 | -1,830,000 | -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 |
| Revenue (ttm) | US$ in thousands | 3,362,000 | 3,227,000 | 3,177,000 | 3,322,000 | 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 |
| Pretax margin | 5.38% | 0.65% | -0.54% | -55.09% | -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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $181,000K ÷ $3,362,000K
= 5.38%
The pretax margin of MKS Instruments Inc has displayed significant variability over the past few years. Initially, the pretax margin showed a consistent increasing trend from March 31, 2020, to June 30, 2022, reaching a peak of 23.06%. However, starting from September 30, 2022, there was a notable decline in the pretax margin, dropping to 17.40% by that date and further decreasing to 12.82% by December 31, 2022.
The trend continued to deteriorate rapidly in the following quarters, with pretax margins falling into negative territory by June 30, 2023. This negative trend persisted through the end of December 31, 2023, showing pretax margins at -59.16%. However, a significant improvement was observed in the subsequent quarters, with the pretax margin rebounding to 5.38% by December 31, 2024.
Overall, the pretax margin of MKS Instruments Inc has experienced volatility and inconsistent performance, with periods of strong growth followed by a sharp decline before recovering to positive margins in the most recent periods. This indicates potential challenges or fluctuations in the company's profitability and efficiency in generating earnings before taxes.
Peer comparison
Dec 31, 2024