Vicor Corporation (VICR)
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 | 10,477 | 9,311 | 17,834 | 34,452 | 60,239 | 59,571 | 44,384 | 36,141 | 28,707 | 27,865 | 37,805 | 46,803 | 56,801 | 59,696 | 53,759 | 35,627 | 18,449 | 7,753 | 7,520 | 7,935 |
| Revenue (ttm) | US$ in thousands | 370,897 | 364,507 | 379,099 | 399,963 | 413,907 | 420,379 | 415,653 | 411,092 | 401,558 | 744,011 | 725,804 | 718,994 | 719,508 | 353,979 | 347,180 | 322,565 | 297,170 | 275,993 | 268,669 | 261,279 |
| Pretax margin | 2.82% | 2.55% | 4.70% | 8.61% | 14.55% | 14.17% | 10.68% | 8.79% | 7.15% | 3.75% | 5.21% | 6.51% | 7.89% | 16.86% | 15.48% | 11.04% | 6.21% | 2.81% | 2.80% | 3.04% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,477K ÷ $370,897K
= 2.82%
The pretax margin of Vicor Corporation has shown fluctuations over the past few years, ranging from as low as 2.55% to as high as 16.86%. The trend of the pretax margin indicates some variability in the company's ability to generate profits before taxes relative to its revenue.
The pretax margin was relatively stable at around 3-6% from March 2020 to June 2021 but saw a significant improvement in the following quarters, reaching a peak of 16.86% in September 2021. This period could indicate successful cost management or revenue growth strategies. However, the pretax margin declined in the subsequent quarters, dropping to as low as 2.55% in September 2024.
The fluctuations in the pretax margin suggest that the company may be experiencing changes in its cost structure, pricing strategies, or operating efficiency. Investors and stakeholders should closely monitor these trends to assess the overall financial health and performance of Vicor Corporation.
Peer comparison
Dec 31, 2024