ViaSat Inc (VSAT)

Pretax margin

Mar 31, 2025 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands -545,294 -405,489 -399,913 -1,138,929 -1,193,946 -1,161,326 -1,044,325 -182,585 -136,120 -100,330 -61,295 -62,421 -16,439 39,536 54,028 54,773 25,986 7,981 -1,141 5,136
Revenue (ttm) US$ in thousands 4,519,570 4,522,500 4,527,270 4,630,430 4,283,761 3,799,850 3,322,754 2,754,017 2,652,449 2,688,054 2,756,327 2,800,998 2,787,635 2,681,713 2,537,555 2,390,479 2,256,107 2,252,046 2,264,711 2,302,689
Pretax margin -12.07% -8.97% -8.83% -24.60% -27.87% -30.56% -31.43% -6.63% -5.13% -3.73% -2.22% -2.23% -0.59% 1.47% 2.13% 2.29% 1.15% 0.35% -0.05% 0.22%

March 31, 2025 calculation

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

The pretax margin of ViaSat Inc has shown a significant decline over the periods from June 30, 2020, to March 31, 2025. Initially, the company had a pretax margin of 0.22% in June 2020, which turned negative at -0.05% in September 2020. However, the margin improved in the following quarters, reaching a peak of 2.29% in June 2021.

Subsequently, the pretax margin started declining sharply, reaching negative values in the later quarters. The margin plummeted to -31.43% by September 2023, indicating that the company's pre-tax profits were eroded by significant expenses or losses.

While there was a slight recovery in the pretax margin in the following periods, it remained negative, albeit at less severe levels. The trend suggests that ViaSat Inc faced challenges in maintaining profitability and controlling costs, which impacted its overall financial performance.