Super Micro Computer Inc (SMCI)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,214,140 | 1,269,060 | 754,297 | 336,833 | 118,628 |
| Revenue | US$ in thousands | 14,989,300 | 14,942,900 | 7,123,480 | 5,196,100 | 3,557,420 |
| Pretax margin | 8.10% | 8.49% | 10.59% | 6.48% | 3.33% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $1,214,140K ÷ $14,989,300K
= 8.10%
The pretax margin of Super Micro Computer Inc has demonstrated notable fluctuations over the specified period. As of June 30, 2021, the pretax margin stood at 3.33%, indicating a relatively modest profitability before taxes. By June 30, 2022, the margin experienced a significant increase to 6.48%, reflecting an improvement in pre-tax profitability. This upward trend continued into June 30, 2023, with the pretax margin reaching 10.59%, representing a substantial enhancement in profitability before taxes.
However, in the subsequent year ending June 30, 2024, the pretax margin declined to 8.49%, suggesting some compression in pre-tax profitability, potentially due to increased expenses, competitive pressures, or other operational factors. The margin further decreased slightly to 8.10% by June 30, 2025, indicating a stabilization at a level above the initial figures from 2021 but below the peak achieved in 2023.
Overall, the pretax margin has exhibited a trajectory of growth from 2021 through 2023, followed by a modest contraction in the subsequent years, amidst an overall trend of improved profitability compared to the beginning of the period.
Peer comparison
Jun 30, 2025