Sandisk Corp (SNDK)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,479,000 | -1,264,000 | 691,000 | 258,000 | -503,000 | -517,041 | -437,168 | -17,922 | 516,514 | 367,172 | 536,794 | 750,467 | 1,113,108 | 1,489,030 | 1,680,777 | 1,711,414 | 1,691,794 | 1,516,149 | 1,343,911 | 1,058,733 |
| Revenue (ttm) | US$ in thousands | 7,355,000 | 7,214,000 | 7,224,000 | 7,013,000 | 6,663,000 | 6,268,740 | 6,106,890 | 5,894,170 | 5,598,370 | 5,564,870 | 5,756,970 | 6,051,180 | 6,447,990 | 6,627,690 | 6,620,300 | 6,498,960 | 6,341,210 | 6,170,000 | 5,983,640 | 5,631,680 |
| Pretax margin | -20.11% | -17.52% | 9.57% | 3.68% | -7.55% | -8.25% | -7.16% | -0.30% | 9.23% | 6.60% | 9.32% | 12.40% | 17.26% | 22.47% | 25.39% | 26.33% | 26.68% | 24.57% | 22.46% | 18.80% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,479,000K ÷ $7,355,000K
= -20.11%
The pretax margin of Sandisk Corp experienced significant fluctuations over the analyzed period. During the fiscal year ending June 30, 2013, the pretax margin was approximately 18.80%, which showed a steady increase through the subsequent quarters, reaching a peak of approximately 26.68% by March 31, 2014. This upward trend indicates improved profitability before taxes during that period.
Following this peak, the pretax margin declined gradually, falling to around 22.47% by December 31, 2014, and further decreasing to approximately 17.26% by March 31, 2015. The downward trend persisted into 2015, with the margin dropping sharply to 12.40% by June 30, 2015, and continuing a steep decline through the remainder of 2015 and into 2016, eventually reaching a low of approximately 6.60% on December 31, 2015.
From early 2016 onwards, the pretax margin largely remained in negative territory, indicating periods of pre-tax losses. Notably, the values reached approximately -0.30% by September 30, 2023, and further declined to -7.16% at the end of 2023. The first quarter of 2024 saw the margin deepen to about -8.25%, with a slight improvement to -7.55% in June 2024. However, by September 2024, the pretax margin rebounded to approximately 3.68%, and continued to improve, reaching approximately 9.57% by the end of 2024.
In the subsequent periods, the pretax margin turned negative again, with March 2025 showing a significant loss at around -17.52%, followed by a further decline to approximately -20.11% by June 2025.
Overall, the data depict a trend of initial growth and high profitability in the earlier period, followed by a protracted decline culminating in negative margins, which suggest increased costs or declining revenues impacting profitability before taxes. The recent data reflect considerable volatility, with periods of both recovery and deepening losses, indicating ongoing challenges in maintaining consistent pretax profitability.
Peer comparison
Jun 30, 2025