Texas Instruments Incorporated (TXN)
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 | 7,418,000 | 10,032,000 | 8,919,000 | 6,017,000 | 5,728,000 |
| Revenue | US$ in thousands | 17,508,000 | 20,028,000 | 18,344,000 | 14,461,000 | 14,383,000 |
| Pretax margin | 42.37% | 50.09% | 48.62% | 41.61% | 39.82% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $7,418,000K ÷ $17,508,000K
= 42.37%
Texas Instruments Inc.'s pretax margin has exhibited fluctuations over the past five years. The pretax margin decreased from 39.82% in 2019 to 41.61% in 2020 before showing a significant improvement to 48.62% in 2021. However, there was a slight dip in pretax margin to 50.09% in 2022, followed by a more notable decrease to 42.34% in 2023. This downward trend in pretax margin indicates that the company's profitability before accounting for taxes has experienced some variability in recent years. Further analysis of the company's financial performance and cost structure may be needed to understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023