Onto Innovation Inc (ONTO)
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 | 132,582 | 241,584 | 155,682 | 26,868 | 205,084 |
| Revenue | US$ in thousands | 815,868 | 1,005,180 | 788,899 | 556,496 | 305,896 |
| Pretax margin | 16.25% | 24.03% | 19.73% | 4.83% | 67.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $132,582K ÷ $815,868K
= 16.25%
Onto Innovation Inc's pretax margin has exhibited some fluctuations over the past five years. In 2019, the company achieved a significantly high pretax margin of 67.04%, indicating strong profitability before accounting for taxes. However, in the following year, the pretax margin dropped sharply to 4.83%, which suggests a substantial decrease in profitability.
The company's performance improved in 2021 with a pretax margin of 19.73%, indicating a recovery in profitability. Onto Innovation Inc continued this positive trend in 2022 with a pretax margin of 24.03%, reflecting further growth in profitability. The most recent data for 2023 shows a pretax margin of 16.25%, which while lower than the previous year, still indicates a relatively healthy level of profitability.
Overall, Onto Innovation Inc's pretax margin has shown variability over the years, but the recent figures suggest a relatively stable and profitable position for the company. Further analysis of the company's operations and financial health may provide additional insights into the factors influencing these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023