Vicor Corporation (VICR)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 14,876 | 20,864 | 27,900 | 33,447 |
| Revenue (ttm) | US$ in thousands | 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 | 263,414 | 274,009 | 281,058 | 291,685 |
| Pretax margin | 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% | 5.65% | 7.61% | 9.93% | 11.47% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $60,239K ÷ $413,907K
= 14.55%
The pretax margin of Vicor Corp. has shown a generally positive trend over the recent quarters, indicating improving profitability before taxes. The company's pretax margin has increased from 7.19% in Q4 2022 to 14.87% in Q4 2023, reflecting a significant improvement in operating efficiency. However, there was a minor dip in Q3 2023 to 7.26% before recovering and continuing on an upward trajectory.
The latest quarter's pretax margin of 14.87% is the highest in the provided dataset, suggesting that Vicor Corp. has been effectively managing its operating costs and generating higher profits relative to its revenue. This improvement could be attributed to various factors such as cost control measures, revenue growth, or operational efficiencies.
Overall, the increasing trend in pretax margin indicates that Vicor Corp. has been successful in enhancing its profitability and creating value for its stakeholders. It will be important for the company to sustain this positive momentum in the future to drive continued financial performance and growth.
Peer comparison
Dec 31, 2023