Texas Instruments Incorporated (TXN)
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 | 5,453,000 | 5,642,000 | 6,010,000 | 6,765,000 | 7,418,000 | 8,037,000 | 8,773,000 | 9,452,000 | 10,032,000 | 10,328,000 | 9,945,000 | 9,506,000 | 8,919,000 | 8,383,000 | 7,695,000 | 6,732,000 | 6,017,000 | 5,347,000 | 5,340,000 | 5,575,000 |
| Revenue (ttm) | US$ in thousands | 15,641,000 | 15,711,000 | 16,092,000 | 16,801,000 | 17,519,000 | 18,112,000 | 18,821,000 | 19,502,000 | 20,028,000 | 20,190,000 | 19,592,000 | 18,960,000 | 18,344,000 | 17,588,000 | 16,762,000 | 15,421,000 | 14,461,000 | 13,735,000 | 13,689,000 | 14,118,000 |
| Pretax margin | 34.86% | 35.91% | 37.35% | 40.27% | 42.34% | 44.37% | 46.61% | 48.47% | 50.09% | 51.15% | 50.76% | 50.14% | 48.62% | 47.66% | 45.91% | 43.65% | 41.61% | 38.93% | 39.01% | 39.49% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,453,000K ÷ $15,641,000K
= 34.86%
The pretax margin of Texas Instruments Incorporated has shown a generally positive trend from March 31, 2020, to June 30, 2022, gradually increasing from 39.49% to 50.76%. This indicates the company's ability to efficiently manage its operating expenses relative to its pre-tax income during this period.
However, a slight decline in the pretax margin was observed in the subsequent quarters, with a dip to 42.34% by December 31, 2023, followed by further decreases to 34.86% by December 31, 2024. These declines may suggest potential challenges in cost management or changes in the business environment impacting profitability.
Overall, the pretax margin performance of Texas Instruments Incorporated exhibits a strong historical performance with a recent decline, highlighting the importance of closely monitoring operational efficiency and cost control measures to sustain profitability levels over time.
Peer comparison
Dec 31, 2024