TTM Technologies Inc (TTMI)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 83,949 87,502 45,226 28,104 297 65,507 131,929 152,648 182,863 120,393 94,843 90,829 70,053 62,142 -24,243 -49,479 -46,277 -32,591 54,100 49,815
Revenue (ttm) US$ in thousands 2,442,753 2,360,827 2,316,871 2,258,243 2,232,567 2,280,684 2,379,182 2,458,223 2,495,046 2,476,031 2,361,735 2,303,568 2,248,740 2,174,401 2,131,193 2,134,108 2,105,322 2,300,773 2,504,014 2,566,754
Pretax margin 3.44% 3.71% 1.95% 1.24% 0.01% 2.87% 5.55% 6.21% 7.33% 4.86% 4.02% 3.94% 3.12% 2.86% -1.14% -2.32% -2.20% -1.42% 2.16% 1.94%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,949K ÷ $2,442,753K
= 3.44%

TTM Technologies Inc's pretax margin has exhibited fluctuations over the period analyzed. It began at a relatively low level of 1.94% as of March 31, 2020, and showed a slight improvement, reaching 2.16% by June 30, 2020. However, in the subsequent quarters of 2020, the pretax margin turned negative, indicating that the company's expenses exceeded its pre-tax income.

The negative trend continued through the first half of 2021, with pretax margins ranging between -2.32% to -1.14%. A notable turnaround occurred in the second half of 2021, where the pretax margin improved significantly to 3.12% by December 31, 2021. This positive momentum carried over into the following quarters of 2022, with the pretax margin consistently increasing to reach 7.33% by December 31, 2022.

In 2023, the pretax margin exhibited some volatility, peaking at 6.21% in March but declining to 0.01% by December. However, the company managed to rebound in 2024, with pretax margins gradually increasing from 1.24% in March to 3.44% by December 31, 2024.

Overall, the trend indicates that TTM Technologies Inc has made strides in improving its operational efficiency and managing expenses, as reflected in the upward trend in pretax margins from 2021 to 2024. This suggests that the company may have implemented cost-saving measures or experienced revenue growth that positively impacted its profitability before tax.