ON Semiconductor Corporation (ON)

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 2,533,900 2,360,600 1,156,200 174,400 274,400
Revenue US$ in thousands 8,253,000 8,326,200 6,739,800 5,255,000 5,517,900
Pretax margin 30.70% 28.35% 17.15% 3.32% 4.97%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $2,533,900K ÷ $8,253,000K
= 30.70%

The pretax margin of ON Semiconductor Corp. has shown a positive trend over the last five years. The company's pretax margin has steadily improved from 5.01% in 2019 to 30.73% in 2023, indicating a strong increase in profitability. This upward trajectory suggests that ON Semiconductor Corp. has been successful in managing its operating expenses and generating higher levels of pre-tax earnings relative to its total revenue. The consistent growth in pretax margin reflects the company's effective cost management strategies and operational efficiencies, leading to improved overall financial performance.


Peer comparison

Dec 31, 2023