MACOM Technology Solutions Holdings Inc (MTSI)

Pretax margin

		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	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	91,526	78,004	73,377	91,304	115,158	132,705	148,255	141,967	243,121	225,334	205,650	191,523	42,945	41,485	2,766	-22,880	-41,562	-88,039	-390,843	-427,901
Revenue (ttm)	US$ in thousands	729,578	679,243	637,279	625,451	648,407	676,175	699,912	695,653	675,169	652,237	632,600	618,036	606,920	598,958	583,603	559,444	530,037	495,036	466,075	468,116
Pretax margin		12.55%	11.48%	11.51%	14.60%	17.76%	19.63%	21.18%	20.41%	36.01%	34.55%	32.51%	30.99%	7.08%	6.93%	0.47%	-4.09%	-7.84%	-17.78%	-83.86%	-91.41%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $91,526K ÷ $729,578K
= 12.55%

The pretax margin of MACOM Technology Solutions Holdings Inc has fluctuated over the past few quarters. From December 2019 to September 2020, the company experienced negative pretax margins, reaching a low of -91.41% in June 2020. However, starting from December 2020, the company showed a gradual improvement in its performance, with pretax margins steadily increasing to reach a peak of 36.01% in September 2022.

Subsequently, there was some volatility in the pretax margin figures, with fluctuations in the range of 11.48% to 14.60% from December 2022 to March 2024. The most recent data point shows a pretax margin of 12.55% as of September 2024. Overall, the company has shown resilience in its profitability, with a general upward trend in pretax margins since the negative figures observed in 2019 and 2020. Continued monitoring of the pretax margin will be important to assess the company's financial performance and management effectiveness.