Onto Innovation Inc (ONTO)
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 | 220,447 | 132,582 | 241,584 | 155,682 | 26,868 |
| Revenue | US$ in thousands | 987,321 | 815,868 | 1,005,180 | 788,899 | 556,496 |
| Pretax margin | 22.33% | 16.25% | 24.03% | 19.73% | 4.83% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $220,447K ÷ $987,321K
= 22.33%
Onto Innovation Inc's pretax margin has shown an upward trend over the past five years, starting at 4.83% in December 31, 2020, and gradually increasing to 22.33% by December 31, 2024. This indicates that the company has been able to improve its efficiency in generating profits before accounting for taxes.
The significant improvement in the pretax margin from 2020 to 2024 suggests that Onto Innovation Inc has become more effective in controlling its operating expenses and managing its profitability. The company's ability to increase its pretax margin demonstrates its capacity to generate higher profits relative to its revenue, which is a positive signal for investors.
However, it is worth noting that there was a slight dip in the pretax margin in 2023 compared to the previous year. This could be a result of changes in the company's operations, cost structure, or other external factors that impacted its profitability during that period. Monitoring the trend in the pretax margin will be important to assess Onto Innovation Inc's financial performance and operational efficiency going forward.
Peer comparison
Dec 31, 2024