Qualcomm Incorporated (QCOM)
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 | 7,921,000 | 7,336,000 | 9,475,000 | 11,889,000 | 13,415,000 | 14,947,000 | 14,812,000 | 12,830,000 | 11,536,000 | 10,275,000 | 10,296,000 | 8,907,000 | 7,376,000 | 5,719,000 | 3,027,000 | 7,660,000 | 7,868,000 | 7,480,000 | 6,066,000 | 1,499,000 |
| Revenue (ttm) | US$ in thousands | 36,292,000 | 35,820,000 | 38,584,000 | 41,069,000 | 42,958,000 | 44,200,000 | 42,141,000 | 39,265,000 | 36,036,000 | 33,566,000 | 32,576,000 | 29,409,000 | 26,690,000 | 23,532,000 | 20,000,000 | 24,742,000 | 24,508,000 | 24,273,000 | 25,237,000 | 21,179,000 |
| Pretax margin | 21.83% | 20.48% | 24.56% | 28.95% | 31.23% | 33.82% | 35.15% | 32.68% | 32.01% | 30.61% | 31.61% | 30.29% | 27.64% | 24.30% | 15.14% | 30.96% | 32.10% | 30.82% | 24.04% | 7.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $7,921,000K ÷ $36,292,000K
= 21.83%
The pretax margin of Qualcomm Incorporated has shown fluctuation over the past few quarters. The pretax margin indicates the company's operating efficiency before accounting for taxes.
In the most recent quarter, ending December 31, 2023, the pretax margin was 21.83%, which was lower than the previous quarter but still within a reasonable range. This decline may be attributed to various factors such as changes in revenue, operating expenses, or one-time charges.
Looking at the trend, the pretax margin was relatively high in the beginning of 2022, peaking at 35.15% in June 2022, and then gradually decreasing over the subsequent quarters. This decline could suggest that Qualcomm may have experienced some challenges in managing its costs or generating sufficient revenue growth.
It is important for Qualcomm to closely monitor its pretax margin to ensure that it remains at a healthy level and supports the company's overall financial health and sustainability. Additional analysis of the company's revenue and expenses dynamics would be beneficial in understanding the drivers behind the fluctuations in the pretax margin.
Peer comparison
Dec 31, 2023