Teradyne Inc (TER)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 525,571 | 581,003 | 662,920 | 757,110 | 840,385 | 900,329 | 971,887 | 1,117,321 | 1,160,955 | 1,128,699 | 1,094,675 | 927,940 | 901,016 | 826,977 | 714,979 | 628,865 | 525,775 | 488,017 | 477,125 | 465,960 |
| Revenue (ttm) | US$ in thousands | 2,676,297 | 2,737,534 | 2,860,875 | 3,017,204 | 3,155,045 | 3,308,255 | 3,431,683 | 3,676,647 | 3,702,883 | 3,576,806 | 3,445,789 | 3,198,720 | 3,121,469 | 3,017,150 | 2,779,704 | 2,505,221 | 2,294,965 | 2,159,873 | 2,144,683 | 2,107,434 |
| Pretax margin | 19.64% | 21.22% | 23.17% | 25.09% | 26.64% | 27.21% | 28.32% | 30.39% | 31.35% | 31.56% | 31.77% | 29.01% | 28.87% | 27.41% | 25.72% | 25.10% | 22.91% | 22.59% | 22.25% | 22.11% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $525,571K ÷ $2,676,297K
= 19.64%
Teradyne, Inc.'s pretax margin has exhibited a declining trend over the past eight quarters, decreasing from 30.39% in Q1 2022 to 19.64% in Q4 2023. This downward trajectory suggests a potential challenge in maintaining profitability before accounting for taxes. The decreasing pretax margin may indicate increased operating expenses, lower revenue generation, or a combination of both factors. A sustained decline in pretax margin could impact the company's overall financial health and efficiency in utilizing its resources. Further analysis into the company's cost structure, revenue streams, and overall operational performance may be necessary to address and potentially reverse this trend.
Peer comparison
Dec 31, 2023