ViaSat Inc (VSAT)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -1,208,388 | 90,459 | 212,342 | 1,101,063 | 1,134,223 | -96,718 | -69,628 | -103,843 | -46,585 | -7,264 | 16,422 | 23,507 | -7,511 | -699 | -11,894 | -7,586 | -8,127 | -13,328 | -23,097 | -64,105 |
| Revenue (ttm) | US$ in thousands | 3,756,260 | 5,200,065 | 4,847,760 | 3,764,300 | 3,050,177 | 1,374,196 | 1,445,805 | 2,085,266 | 2,735,121 | 2,640,110 | 2,493,483 | 2,342,710 | 2,207,130 | 2,197,468 | 2,208,737 | 2,246,965 | 2,245,419 | 2,218,315 | 2,179,165 | 2,099,849 |
| Pretax margin | -32.17% | 1.74% | 4.38% | 29.25% | 37.19% | -7.04% | -4.82% | -4.98% | -1.70% | -0.28% | 0.66% | 1.00% | -0.34% | -0.03% | -0.54% | -0.34% | -0.36% | -0.60% | -1.06% | -3.05% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-1,208,388K ÷ $3,756,260K
= -32.17%
ViaSat Inc's pretax margin has fluctuated significantly over the past few quarters. The pretax margin was negative in the most recent quarter, at -32.17% for March 31, 2024, indicating that the company's expenses exceeded its pre-tax income during that period. Prior to that, the company was able to achieve positive pretax margins, with the highest being 37.19% for March 31, 2023.
The positive pretax margins in previous quarters indicate that the company was able to generate more pre-tax income relative to its net sales during those periods. However, the negative pretax margins in more recent quarters suggest that ViaSat Inc may be facing challenges in controlling its expenses or generating sufficient revenue to cover its costs.
It would be important for the company to analyze the factors contributing to the negative pretax margins and take appropriate actions to improve profitability and financial performance in the future quarters.
Peer comparison
Mar 31, 2024