ViaSat Inc (VSAT)

Pretax margin

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands -545,294 -1,193,950 -162,155 -16,439 25,986
Revenue US$ in thousands 4,519,570 4,283,760 2,556,160 2,787,640 2,256,110
Pretax margin -12.07% -27.87% -6.34% -0.59% 1.15%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $-545,294K ÷ $4,519,570K
= -12.07%

The pretax margin of ViaSat Inc has shown a declining trend over the past five years based on the provided data. The margin was positive at 1.15% as of March 31, 2021, indicating that the company was generating profit before taxes. However, starting from March 31, 2022, the pretax margin turned negative, signifying that the company's pre-tax profitability deteriorated.

The negative pretax margins of -0.59% in 2022, -6.34% in 2023, -27.87% in 2024, and -12.07% in 2025 suggest that the company's expenses and/or losses have outpaced its revenues during these periods. A declining pretax margin may reflect challenges in cost management, declining sales, or one-time charges impacting the company's profitability.

It is important for ViaSat Inc to closely monitor its cost structure, revenue streams, and overall financial performance to address the negative trend in pretax margin and work towards improving profitability in the future.