Xencor Inc (XNCR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -234,923 | -120,439 | -54,508 | 82,631 | -69,333 |
| Revenue | US$ in thousands | 110,493 | 168,338 | 164,579 | 275,111 | 122,694 |
| Pretax margin | -212.61% | -71.55% | -33.12% | 30.04% | -56.51% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-234,923K ÷ $110,493K
= -212.61%
The pretax margin of Xencor Inc has shown significant fluctuations over the five-year period from December 31, 2020, to December 31, 2024. In December 2020, the company reported a negative pretax margin of -56.51%, indicating that its operating expenses and taxes exceeded its gross profit. However, there was a notable improvement in December 2021, with a pretax margin of 30.04%, demonstrating a turnaround in the company's profitability.
Subsequently, Xencor's pretax margin declined sharply in December 2022 to -33.12%, indicating a reduction in profitability potentially due to increased expenses or a decrease in revenue. The trend worsened in December 2023, as the pretax margin plummeted to -71.55%, signaling a significant impact on the company's bottom line.
Most concerningly, by December 2024, Xencor's pretax margin reached a substantial -212.61%, which suggests a severe decline in profitability and potentially unsustainable financial performance. Overall, the fluctuations in Xencor Inc's pretax margin over the five-year period reflect challenges in managing operating expenses and generating sufficient revenue to cover costs. Further analysis of the company's financial strategies and operational efficiencies may be warranted to address the downward trend in profitability.
Peer comparison
Dec 31, 2024