Mercury Systems Inc (MRCY)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -189,275 | -185,498 | -133,571 | -82,920 | -48,542 | -11,189 | 342 | 10,619 | 18,395 | 16,927 | 31,683 | 51,596 | 77,173 | 83,102 | 91,033 | 94,700 | 93,933 | 79,530 | 70,068 | 66,148 |
| Revenue (ttm) | US$ in thousands | 835,275 | 839,948 | 895,169 | 927,294 | 973,882 | 1,010,375 | 999,971 | 990,763 | 988,197 | 949,310 | 953,092 | 943,388 | 923,996 | 890,531 | 841,690 | 824,927 | 796,610 | 756,196 | 722,816 | 687,992 |
| Pretax margin | -22.66% | -22.08% | -14.92% | -8.94% | -4.98% | -1.11% | 0.03% | 1.07% | 1.86% | 1.78% | 3.32% | 5.47% | 8.35% | 9.33% | 10.82% | 11.48% | 11.79% | 10.52% | 9.69% | 9.61% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-189,275K ÷ $835,275K
= -22.66%
The pretax margin of Mercury Systems Inc has shown fluctuations over the past several quarters. The trend indicates a decline from positive margins in late 2019 and early 2020 to negative margins in mid-2024. The company experienced a sharp decrease in pretax margin from 10.82% in March 2021 to -22.66% in June 2024.
This decline in pretax margin could be attributed to various factors such as changes in revenue, cost structure, operational inefficiencies, or one-time charges. The company should closely monitor its cost management strategies and revenue generation to improve its profitability and return to positive pretax margins.
Analyzing the trend over time will help Mercury Systems Inc identify areas for improvement and make strategic decisions to enhance its financial performance and overall profitability.
Peer comparison
Jun 30, 2024