Onto Innovation Inc (ONTO)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 132,582 | 164,309 | 185,471 | 214,869 | 241,584 | 226,086 | 209,294 | 187,997 | 155,682 | 120,154 | 86,012 | 57,474 | 26,868 | -25,823 | -27,842 | -29,139 | -16,340 | 27,898 | 31,098 | 42,569 |
| Revenue (ttm) | US$ in thousands | 815,868 | 850,282 | 897,350 | 962,998 | 1,005,183 | 977,557 | 923,893 | 860,970 | 788,899 | 718,383 | 644,286 | 585,847 | 556,496 | 521,926 | 458,369 | 384,932 | 305,896 | 248,118 | 245,615 | 272,659 |
| Pretax margin | 16.25% | 19.32% | 20.67% | 22.31% | 24.03% | 23.13% | 22.65% | 21.84% | 19.73% | 16.73% | 13.35% | 9.81% | 4.83% | -4.95% | -6.07% | -7.57% | -5.34% | 11.24% | 12.66% | 15.61% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $132,582K ÷ $815,868K
= 16.25%
Onto Innovation Inc's pretax margin has shown fluctuating trends over the past five years. The pretax margin measures the company's profitability relative to its total revenue before accounting for taxes.
The company experienced a significant decline in pretax margin in the first few quarters of 2020, with negative margins in some quarters. This could be attributed to various factors such as economic challenges or operational issues.
However, Onto Innovation Inc started to show improvement in profitability from late 2020 through 2021, with pretax margins gradually increasing. The company's pretax margin peaked in the first quarter of 2023 at 22.31%, indicating a strong performance in generating profits before taxes.
Despite some quarterly fluctuations, Onto Innovation Inc maintained relatively healthy pretax margins above 20% for most of 2022 and 2023. This suggests improved operational efficiency and effective cost management strategies within the company.
Overall, Onto Innovation Inc's pretax margin analysis indicates a positive trend in profitability, showcasing the company's ability to generate earnings before taxes relative to its total revenue.
Peer comparison
Dec 31, 2023