Teradyne Inc (TER)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 525,572 | 840,385 | 1,160,960 | 901,015 | 525,772 |
| Revenue | US$ in thousands | 2,676,300 | 3,155,040 | 3,702,880 | 3,121,470 | 2,294,960 |
| Pretax margin | 19.64% | 26.64% | 31.35% | 28.87% | 22.91% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $525,572K ÷ $2,676,300K
= 19.64%
Teradyne, Inc.'s pretax margin has fluctuated over the past five years, indicating varying levels of efficiency in generating profits before accounting for taxes. The pretax margin decreased from 22.91% in 2019 to 19.64% in 2023, suggesting a potential decline in profitability. However, it is important to note that the pretax margin was relatively high in 2021 at 31.35%, which may indicate strong cost management and revenue generation strategies during that period. Overall, further analysis of the company's financial performance and factors influencing its pretax margin changes would be beneficial to better understand its profitability trends.
Peer comparison
Dec 31, 2023