MaxLinear Inc (MXL)

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	-63,776	19,568	105,680	154,292	174,245	162,010	138,476	87,357	47,879	-9,402	-69,307	-87,047	-114,860	-96,846	-62,741	-43,376	-32,484	-35,337	-46,582	-44,162
Revenue (ttm)	US$ in thousands	693,263	858,496	1,008,696	1,104,767	1,120,252	1,077,555	1,021,599	946,966	892,398	839,225	766,084	625,928	478,596	353,898	277,285	294,572	317,180	334,789	339,779	358,805
Pretax margin		-9.20%	2.28%	10.48%	13.97%	15.55%	15.03%	13.55%	9.22%	5.37%	-1.12%	-9.05%	-13.91%	-24.00%	-27.37%	-22.63%	-14.73%	-10.24%	-10.56%	-13.71%	-12.31%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-63,776K ÷ $693,263K
= -9.20%

MaxLinear Inc's pretax margin, a measure of the company's operating efficiency and profitability, has fluctuated over the past eight quarters. The trend indicates a decrease from 15.55% in the fourth quarter of 2022 to -9.20% in the 2023 fiscal year. The lowest margin in the observation period was recorded in the latest quarter, ending Dec 31, 2023, with a negative pretax margin, suggesting the company's expenses exceeded its gross profit. This decline in pretax margin may raise concerns about the company's ability to control costs and generate profits from its operations. It would be essential to delve further into the company's financial statements and operating activities to determine the underlying reasons for this downward trend in pretax margin.