Visteon Corp (VC)
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 | 298,000 | 291,000 | 332,000 | 268,000 | 257,000 | 236,000 | 202,000 | 196,000 | 175,000 | 165,000 | 118,000 | 81,000 | 81,000 | 64,000 | 75,000 | 42,000 | -20,000 | -1,000 | 8,000 | 64,000 |
| Revenue (ttm) | US$ in thousands | 3,866,000 | 3,917,000 | 3,951,000 | 3,920,000 | 3,954,000 | 4,028,000 | 4,040,000 | 3,905,000 | 3,756,000 | 3,478,000 | 3,083,000 | 2,845,000 | 2,773,000 | 2,774,000 | 2,890,000 | 2,651,000 | 2,548,000 | 2,505,000 | 2,489,000 | 2,851,000 |
| Pretax margin | 7.71% | 7.43% | 8.40% | 6.84% | 6.50% | 5.86% | 5.00% | 5.02% | 4.66% | 4.74% | 3.83% | 2.85% | 2.92% | 2.31% | 2.60% | 1.58% | -0.78% | -0.04% | 0.32% | 2.24% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $298,000K ÷ $3,866,000K
= 7.71%
The pretax margin of Visteon Corp has shown fluctuations over the analyzed period. It started at a relatively low level of 2.24% as of March 31, 2020, and experienced a slight decrease to 0.32% by June 30, 2020. Subsequently, the margin turned negative in the following quarters, indicating that the company's pre-tax profits were insufficient to cover operating expenses.
However, the company managed to improve its pretax margin gradually, showing positive trends from March 31, 2021, onward. The margin increased consistently, reaching its peak of 8.40% by June 30, 2024. This upward trend suggests that Visteon Corp implemented effective cost-control measures or revenue enhancement strategies during this period.
Overall, the increase in pretax margin indicates that the company's profitability improved over the analyzed period. It succeeded in generating higher earnings relative to its total revenue, showcasing favorable financial performance and efficiency in managing costs and operations.
Peer comparison
Dec 31, 2024