Schrodinger Inc (SDGR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 42,919 | 47,088 | 72,340 | 40,840 | -149,123 | -152,219 | -147,571 | -134,495 | -99,982 | -80,457 | -41,629 | -10,338 | -24,118 |
| Revenue (ttm) | US$ in thousands | 216,666 | 199,383 | 193,794 | 197,074 | 180,955 | 170,282 | 163,152 | 154,467 | 137,931 | 124,793 | 120,740 | 114,048 | 108,095 |
| Pretax margin | 19.81% | 23.62% | 37.33% | 20.72% | -82.41% | -89.39% | -90.45% | -87.07% | -72.49% | -64.47% | -34.48% | -9.06% | -22.31% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $42,919K ÷ $216,666K
= 19.81%
Schrodinger Inc's pretax margin has experienced fluctuations in recent quarters. In Q4 2023, it was 19.81%, showing a decline compared to the previous quarter's 23.62%. However, this decline was not as significant as the previous year's Q4 2022 when the company reported a negative pretax margin of -82.41%.
In Q2 2023, Schrodinger Inc's pretax margin peaked at 37.33%, representing a strong performance. The company's Q1 2023 pretax margin of 20.73% also indicates relative stability.
When comparing the recent performance to the same period in the previous year, it is evident that Schrodinger Inc has made significant improvements in managing its pre-tax profitability. The company has successfully shifted from negative margins in Q4 2022 to positive margins in the recent quarters, reflecting better control over its operating expenses and potential revenue growth.
Continued monitoring of Schrodinger Inc's pretax margin will be essential to assess the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023