Sitime Corporation (SITM)

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	-93,115	-94,661	-93,541	-92,653	-80,382	-61,963	-38,101	709	23,337	44,775	52,953	42,088	32,355	14,476	-155	-7,805	-9,371	-10,738	-8,992	-8,836
Revenue (ttm)	US$ in thousands	202,697	176,989	154,811	138,673	143,994	162,431	200,006	251,696	283,606	298,507	288,441	253,519	218,808	183,341	152,979	129,956	116,156	103,971	96,629	90,999
Pretax margin		-45.94%	-53.48%	-60.42%	-66.81%	-55.82%	-38.15%	-19.05%	0.28%	8.23%	15.00%	18.36%	16.60%	14.79%	7.90%	-0.10%	-6.01%	-8.07%	-10.33%	-9.31%	-9.71%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-93,115K ÷ $202,697K
= -45.94%

The pretax margin of Sitime Corporation has shown significant fluctuations over the given period. Starting from negative values in the range of -9% to -10% in the first three quarters of 2020, the pretax margin gradually improved and turned positive in March 2021. The company experienced a notable increase in profitability in the following quarters, reaching a peak of 18.36% in June 2022. However, the pretax margin declined sharply in the subsequent quarters, dropping to negative territory again by the end of 2023. The trend worsened in 2024, with pretax margins deteriorating further each quarter, reaching a low of -45.94% by December 2024. This suggests that Sitime Corporation faced challenges in maintaining stable profitability during this period, with a notable downturn in financial performance towards the end of the analyzed timeframe.