ViaSat Inc (VSAT)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -1,208,380 | 1,134,220 | -52,051 | -7,503 | -8,127 |
| Revenue | US$ in thousands | 2,907,980 | 4,186,140 | 2,711,450 | 2,183,980 | 2,224,980 |
| Pretax margin | -41.55% | 27.09% | -1.92% | -0.34% | -0.37% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-1,208,380K ÷ $2,907,980K
= -41.55%
ViaSat Inc's pretax margin has shown significant fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the pretax margin was negative at -41.55%, indicating that the company's pre-tax profits were heavily impacted by expenses exceeding revenues. This is a substantial decline from the previous year, where the pretax margin was 27.09%, reflecting a strong profitability position.
Looking back at the trend, the company experienced negative pretax margins in fiscal years 2020 and 2021, with -0.34% and -0.37% respectively. However, the pretax margin turned positive in fiscal year 2022 at -1.92%, suggesting that the company was moving towards profitability before the significant decline in the most recent year.
The inconsistent performance in pretax margin could signal challenges in controlling costs or generating sufficient revenues to cover expenses. Investors and stakeholders may be concerned about the company's ability to sustain profitability and manage its financial health effectively. Further analysis of ViaSat Inc's operational and financial strategies would be needed to understand the factors driving these fluctuations in pretax margin.
Peer comparison
Mar 31, 2024