MaxLinear Inc (MXL)
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 | -63,810 | 174,198 | 47,869 | -114,852 | -32,484 |
| Revenue | US$ in thousands | 693,263 | 1,120,250 | 892,398 | 478,596 | 317,180 |
| Pretax margin | -9.20% | 15.55% | 5.36% | -24.00% | -10.24% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-63,810K ÷ $693,263K
= -9.20%
The pretax margin of MaxLinear Inc has shown significant volatility over the past five years. In 2019, the company experienced a negative pretax margin of -10.24%, indicating a loss before taxes. The performance improved in 2020 with a further decline in the pretax margin to -24.00%, suggesting a deeper loss. However, the company's financials rebounded in 2021, as the pretax margin increased to 5.36%, signifying a return to profitability. This positive trend continued into 2022, with a pretax margin of 15.55%, indicating improved profitability. However, the company's margin regressed in 2023 to -9.20%, resulting in a negative pretax margin once again. This fluctuation in pretax margin over the years suggests financial volatility and the need for a comprehensive analysis of the company's cost structure and revenue generation.
Peer comparison
Dec 31, 2023