ON Semiconductor Corporation (ON)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,835,600 | 2,533,900 | 2,360,600 | 1,156,200 | 174,400 |
| Revenue | US$ in thousands | 7,082,300 | 8,253,000 | 8,326,200 | 6,739,800 | 5,255,000 |
| Pretax margin | 25.92% | 30.70% | 28.35% | 17.15% | 3.32% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,835,600K ÷ $7,082,300K
= 25.92%
The pretax margin of ON Semiconductor Corporation has exhibited a positive trend over the past five years, increasing from 3.32% in December 2020 to 25.92% in December 2024. This indicates the company's ability to effectively control its operating expenses relative to its gross revenue, resulting in a higher proportion of income before taxes. The significant improvement in pretax margin signifies enhanced operational efficiency and profitability during this period. However, it is important to note that the pretax margin experienced a slight decline from 30.70% in December 2023 to 25.92% in December 2024, suggesting potential challenges in managing costs or changes in the revenue structure that impacted profitability.
Peer comparison
Dec 31, 2024