TTM Technologies Inc (TTMI)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	83,949	297	182,863	70,053	-46,277
Revenue	US$ in thousands	2,442,750	2,232,570	2,495,050	2,248,740	2,105,320
Pretax margin		3.44%	0.01%	7.33%	3.12%	-2.20%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $83,949K ÷ $2,442,750K
= 3.44%

Based on the provided data, the pretax margin of TTM Technologies Inc has exhibited fluctuations over the five-year period from December 31, 2020, to December 31, 2024.

- In December 31, 2020, the company had a negative pretax margin of -2.20%, indicating that its pre-tax profits were lower than its total revenue, potentially implying inefficiencies in cost management or operational issues.

- However, there was a significant improvement in the pretax margin by December 31, 2022, where it reached 7.33%. This suggests that the company was able to effectively control its costs and generate higher pre-tax profits relative to its revenue.

- Subsequently, the pretax margin decreased in December 31, 2023, to a minimal level of 0.01%. This could indicate challenges faced by the company in maintaining profitability, possibly due to increased expenses or a decline in revenue.

- By December 31, 2024, the pretax margin recovered to 3.44%, showcasing a partial rebound from the previous year but still below the peak recorded in 2022.

Overall, the fluctuating trend in TTM Technologies Inc's pretax margin highlights the importance of closely monitoring and managing costs, operational efficiency, and revenue generation to ensure sustainable profitability over time.