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
Company name
Symbol
Pretax margin
ON Semiconductor Corporation
ON
30.70%
ADEIA CORP
ADEA
20.57%
Advanced Micro Devices Inc
AMD
2.22%
Allegro Microsystems Inc
ALGM
18.65%
Alpha and Omega Semiconductor Ltd
AOSL
-1.13%
Amkor Technology Inc
AMKR
6.82%
Analog Devices Inc
ADI
29.93%
Applied Materials Inc
AMAT
29.37%
Broadcom Inc
AVGO
42.15%
CEVA Inc
CEVA
-1.69%
Cirrus Logic Inc
CRUS
20.35%