Onto Innovation Inc (ONTO)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 220,447 | 203,002 | 180,686 | 151,272 | 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 |
| Revenue (ttm) | US$ in thousands | 987,322 | 942,239 | 897,214 | 845,549 | 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 |
| Pretax margin | 22.33% | 21.54% | 20.14% | 17.89% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $220,447K ÷ $987,322K
= 22.33%
Onto Innovation Inc's pretax margin has shown a gradual improvement over the analyzed period, starting from negative figures in early 2020 and moving into positive territory by the end of the same year. The company's pretax margin continued to expand steadily throughout 2021 and 2022, reaching its peak at 24.03% in December 2022.
However, there was a slight decline in pretax margin in the following quarters, but still relatively high compared to previous years. This indicates efficient cost management and potentially improving operational efficiency within the organization. Onto Innovation Inc's ability to maintain a positive pretax margin suggests that the company is effectively controlling its operating expenses and generating stronger profits before taxes.
Overall, the trend of increasing pretax margin reflects Onto Innovation Inc's ability to enhance profitability and operational performance over the analyzed period. It signals a positive financial trajectory for the company and indicates sound financial management practices.
Peer comparison
Dec 31, 2024