Qorvo Inc (QRVO)
Pretax margin
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 65,899 | 73,560 | 124,629 | 1,181,080 | 807,380 |
| Revenue | US$ in thousands | 3,718,970 | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 |
| Pretax margin | 1.77% | 1.95% | 3.49% | 25.42% | 20.11% |
March 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $65,899K ÷ $3,718,970K
= 1.77%
Qorvo Inc's pretax margin has experienced fluctuations over the years. In March 2021, the pretax margin stood at 20.11%, reflecting a healthy profitability level. By March 2022, the pretax margin improved to 25.42%, indicating an even stronger performance. However, there was a significant decline in profitability by March 2023, with the pretax margin decreasing to 3.49%. This sharp decline continued into March 2024, where the pretax margin further dropped to 1.95%. In the most recent period ending March 31, 2025, the pretax margin slightly decreased to 1.77%.
The declining trend in pretax margin from 2022 to 2025 is a concern as it may indicate potential challenges in controlling costs or generating sufficient revenue. It is crucial for Qorvo Inc to closely monitor its cost structure and revenue streams to improve profitability and ensure long-term sustainability.
Peer comparison
Mar 31, 2025